TransCanada CEO Russ Girling told Bloomberg this week that shipping tar sands oil by rail is a more expensive option than moving it via pipeline, but his company is examining the possibility given the latest delays in its Keystone XL project.
Overall first quarter profit for TransCanada Corp. dropped 8 percent but adjusted earnings gained and revenue was up on higher pipeline demand during the bitterly cold winter, The Wall Street Journal reports.
This isn't the first time uncertainty about the route of the Keystone XL pipeline through Nebraska has led the Obama administration to delay in a permitting decision.
President Barack Obama cited the undetermined final alignment through the state when he denied the project in early 2012. That was the same reason State Department officials on Friday gave for extending a national interest determination review of the revised route, a move that likely puts off a decision until 2015 -- until after the mid-term elections.
The decision was scored as blatantly political by project proponents over the weekend, criticism that will continue for months to come. Yet it also opens the administration to renewed public pressure from opponents to reject the $5.4 billion TransCanada line once and for all.
Obama administration officials on Friday declined to say when they might approve or deny construction of the Keystone XL pipeline from Canada, following the announcement by the State Department of a new delay in completing its review process.
Senior department officials, who briefed reporters on condition of anonymity, denied trying to slow the $5.4 billion oil sands crude pipeline project past the November elections, as critics charged after the announcement.
NELIGH, Neb. (AP) — Opponents of a proposed pipeline that would carry oil from Canada south to the Gulf Coast have stamped a massive message of resistance into a Nebraska field that is in the project's path.
The artwork, which covers 80 acres and was done last week, reads "Heartland#NoKXL." It is the latest protest environmentalists and landowners have employed against TransCanada's proposed Keystone XL pipeline.
Critics of the pipeline want President Barack Obama to reject the project because they fear it could contaminate groundwater and contribute to pollution.
JUNEAU, Alaska (AP) — Following an intensive amendment process that began last week, the House Resources Committee on Wednesday passed out its rewrite of a bill aimed at advancing a major liquefied natural gas project.
The committee considered dozens of proposed amendments and debated many of them at length — even some that were ultimately withdrawn — over the course of several days.
Co-chair Dan Saddler, R-Eagle River, said he thought Alaskans could take comfort that the committee did "good, hard work." Rep. Peggy Wilson, R-Wrangell, said she thought the bill was fair to all concerned.
Some lawmakers in Alaska's legislature are expressing dissatisfaction with the role pipeline company TransCanada would play in the proposal to build a major natural gas facility in the state, E&E reports.
Although Environmental Protection Agency Administrator Gina McCarthy hasn’t yet moved to lower limits on ozone levels following a recommendation from EPA's scientific advisers to do so, the National Association of Manufacturers is ramping up its campaign against the prospect with ads in the election battleground states of Kentucky, North Carolina and Colorado criticizing what it calls “unrealistic new ozone regulations,” The Hill reports.
A multimillion dollar campaign to promote the Keystone XL pipeline, which was funded by the Canadian taxpayer, had little impact on Americans who saw the ads, according to a government-mandated survey, CBC reports.
Stronger U.S. economic data Thursday – more home sales, fewer jobless claims and a higher manufacturing index – pointed to increasing demand, which boosted oil prices. West Texas Intermediate crude gained 51 cents to settle at $93.96 a barrel on the New York Mercantile Exchange, while in London Brent crude ended the trading session 35 cents higher to $102.63, Bloomberg reports.
The Environmental Defense Fund has joined with seven oil and gas companies on a project to develop better monitors for methane emissions, and will test four or five technologies at the Southwest Research Institute, FuelFix reports.
Three quarters of those who spoke out at a hearing on fracking before North Carolina’s Mining and Energy Commission Wednesday were against the practice, WNCT reports, noting that three more sessions are scheduled and the commission will make recommendations on modifying any regulations to the General Assembly in January.
The North Carolina Utilities Commission was justified in permitting Duke subsidiary Progress Energy to raise its electricity rates in 2013 and 2014, the state’s Supreme Court ruled Wednesday, The Associated Press reports.
The Missouri Public Service Commission voted 5-0 on Wednesday to deny a complaint from Noranda Aluminum, which was seeking a restructuring of Ameren Missouri’s electricity rates, but regulators suggested the companies continue to work on reaching a compromise, and also said the state legislature could weigh in on the matter, E&E reports.
The future for Direct Energy, a U.S. arm of British conglomerate Centrica, lies with bundling electricity services together with high tech equipment that helps customers to better control their energy usage, as well as generating their own with rooftop solar, CEO Badar Khan told Bloomberg, adding a prediction that utilities will increasingly face disruption to their traditional business models.
A district court judge in San Diego is due to decide Aug. 25 whether a group of around 110 U.S. military personnel who were deployed to assist Japan as it coped with the disaster at the Fukushima Dai-ichi nuclear plant can sue operator TEPCO for lying about radiation from the accident, The Guardian reports.