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committee considered dozens of proposed amendments and debated many of them at length — even some that were ultimately withdrawn — over the course of several days.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.
Keystone XL pipeline advocates hold press conference to highlight national security arguments. Sen. John Hoeven, Rep. Lee Terry, TransCanada Vice President Alex Poubaix, Canadian Ambassador Gary Doer, API President Jack Gerard, others to speak.
The public comment period on the State Department's Keystone XL pipeline review ended on Friday, with opponents sending more than 2 million comments opposing the project, doubling the comments in support of the pipeline, The Washington Post reports.
TransCanada chief Russ Girling told National Journal at the CERAWeek conference that he's more confident of getting approval of the Keystone XL pipeline, arguing that the State Department's environmental review answered all major questions about the project.
Ahead of reports on GDP, payrolls and gasoline stockpiles, U.S. benchmark crude for September delivery slipped 11 cents to $101.56 in electronic trading on the New York Mercantile Exchange, while Brent crude gained 22 cents to $107.79, Bloomberg reports.
The Environmental Protection Agency isn’t doing enough to monitor the effect fracking has on water contamination and seismic activity, and needs to update and step up enforcement efforts, the Government Accountability Office said in a report released Monday, according to the Los Angeles Times.
Two top Chinese officials who’d been prominent in the operations of China National Petroleum Corp. in Canada have departed, calling into question the future of a billion dollar oil sands project, The Wall Street Journal reports.
The Obama administration has turned to lasers -- used in the Light Detection and Ranging System, or LIDAR -- to create extremely accurate 3-D mapping, which the U.S. Geological Survey says has the potential to head off billions of dollars in flood damage as well as revolutionize planning for infrastructure, National Journal reports.
Weather satellite data are vulnerable to hacking because of security issues with National Oceanic and Atmospheric Administration information systems, according to E&E, which cites a report from the Inspector General at the Commerce Department.
Northwest Energy Innovations is to start testing a prototype in September in Oahu, of a device which will harvest up to 20 kilowatts from wave energy and add it to the grid, the first time that will have been done in the U.S., The Associated Press reports, citing a story in the Honolulu Star-Advertiser.