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Tag Archives: Alberta tar sands

TransCanada to raise dividend, add C$13 billion of new projects

CALGARY, Alberta – TransCanada Corp <TRP.TO> said it expects to raise its dividend and bring C$13 billion ($9.76 billion) of new small and medium-sized projects into service by the end of 2018, following the rejection of its Keystone XL crude pipeline. Canada’s second largest pipeline company said on Tuesday at an investor day in Toronto that it anticipates increasing its ...

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Canada’s Alberta pledges to do more to price carbon and reduce emissions

CALGARY – Canada’s oil-rich western Canadian province of Alberta said its recent decision to double its price on carbon emissions was only a first step in its efforts to tackle climate change, Premier Rachel Notley said on Thursday. Notley said her left-leaning New Democratic government, which ended 44 years of Conservative rule in a May election, would introduce details of ...

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Editorial: Line in the sands

At the end of the Obama administration’s speed-of-tar deliberations on the Keystone XL pipeline, even the president acknowledged that the project was not especially important to the environment or the economy. Which raises a question: Why on earth did he spend seven years considering it, let alone take the unprecedented step of smiting it by presidential fiat? The answer, of ...

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TransCanada blames 2013 pipeline rupture on miscommunication

CALGARY – The rupture of a TransCanada Corp natural gas pipeline in 2013 in Alberta was caused by “miscommunication” between staff and contractors that built the piece of the line that failed, the company said on Monday. TransCanada, the company behind the recently rejected Keystone XL oil pipeline, made the comments after a report last week from Canada’s transportation safety ...

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With Keystone snub, Obama aims for more leverage on climate

WASHINGTON — For years, President Barack Obama chided Republicans and Democrats alike for treating the Keystone XL pipeline as a signal of whether the U.S. would seriously fight global warming. Now that he’s killed the project, Obama is holding it up as Exhibit A as he works to lock in his environmental legacy with a powerful international climate accord. Rejecting ...

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Keystone XL would have helped N.D. move some of its oil

The rejection of Keystone XL is a setback for North Dakota’s oil industry, even though falling oil prices and the drop in Bakken drilling and oil production have lessened the immediate need for it. “It is a good time to say ‘No, we don’t want a pipeline’ when you really don’t need it,” said Rudy Hokanson, a Minnesota-based oil analyst ...

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Climate awareness and the economy influenced Obama’s rejection of Keystone XL pipeline

When a Canadian company first proposed building the Keystone XL oil pipeline in 2008, Barack Obama was a presidential candidate running to end wars, climate change was a fringe issue to many people and the nation was entering a devastating recession that would send the unemployment rate soaring to 10%. But the politics of climate and oil shifted dramatically in ...

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Obama rejects Canada-to-U.S. Keystone pipeline

WASHINGTON – U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who have campaigned against the project for more than seven years. “The pipeline would not make a meaningful long-term contribution to our economy,” Obama told a press conference. He said Keystone XL would not reduce gasoline prices for ...

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Keystone delay heralds long-term pain for Canadian oil producers

CALGARY, Alberta – A further delay or outright rejection of the TransCanada Corp Keystone XL project risks a looming capacity crunch on Western Canada’s pipeline network, causing more pain for producers already struggling with weak global crude prices. In the latest twist in the seven-year Keystone XL saga, TransCanada on Monday asked the U.S. State Department to pause its review ...

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Keystone XL Opponents Running Out of New Ideas

pipeline

Mark Green |Energy Tomorrow Blog Ever since the Keystone XL pipeline first started clearing environmental reviews by the U.S. State Department, opponents basically have been left with arguing that State missed one thing or another in an effort to drag out the federal review. Of course, the credibility of the tactic has suffered evaporation with each successful State review, now ...

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