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committee considered dozens of proposed amendments and debated many of them at length — even some that were ultimately withdrawn — over the course of several days.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.
New safety rules for oil trains don’t go far enough to address the risk of dangerous derailments, said lawmakers including Sens. Charles Schumer, D-N.Y., and Maria Cantwell, D-Wash., as well as Rep. Paul Tonko, D-N.Y., The Hill reports.
An environmental impact statement for the TransWest Express transmission line, which would run from Wyoming to Nevada, across the habitat of the sage grouse, has been published by the Bureau of Land Management in the Federal Register, starting a 30-day public comment period, E&E reports.
Toothpaste and other personal care items that contain synthetic microbeads would be banned under legislation introduced by House Energy and Commerce Chair Rep. Fred Upton, R-Mich. and Ranking Member Rep. Frank Pallone, D-N.J., who are concerned about the effect of the microbeads on bodies of water such as the Great Lakes, National Journal reports.
Sliding oil prices took Chevron’s profits down with them, as the company reported a 43 percent fall in profit in the first quarter, to $2.57 billion, despite an increase in production, Reuters reports.
Oil dropped off its 2015 highs Friday on news of record Iraqi exports in April, coupled with gains in the dollar. U.S. benchmark crude for June delivery settled 48 cents lower at $59.15 a barrel on the Nymex, while in London, Brent lost 32 cents to $66.46, Reuters reports.
Without ever directly linking California’s drought to the wider issue of climate change, Gov. Jerry Brown has folded one issue into the other to push for wider environmental reforms, The Atlantic reports.
Used Model S electric vehicles made by Tesla Motors can now be purchased on the company’s website, complete with an extended warranty that covers up to 4 years or 50,000 miles, The Wall Street Journal reports.
Plans for an LNG export facility in Warrenton, Oregon won’t be upset by Clatsop County's rejection of a construction permit for a pipeline connecting to it, because only the Federal Energy Regulatory Commission can make such a decision, Oregon LNG’s CEO told Platts.