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Tag Archives: TransCanada

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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Enbridge cuts 5 percent of workforce in Canada and U.S.

CALGARY, Alberta – Canada’s largest pipeline company Enbridge Inc cut 5 percent of its workforce on Monday, a company spokesman said, as low crude prices continued to drag on the North American oil and gas industry. Enbridge spokesman Graham White said the reductions were made across Canada and the United States and represented about 500 employees at all levels and ...

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Editorial: Keystone XL fight over, but look now to Canada for next possible pipeline

President Obama’s decision on Friday to reject the proposed Keystone XL pipeline reorients the oil spigot, from north-south to east-west. It’s the law of unintended consequences, and the ripple effect may be felt as far West as the Salish Sea. As The Seattle Times reports, oil from the Alberta tar sands is intended for maritime export, and two proposed Canadian ...

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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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Obama points to blocking Keystone as top accomplishment

WASHINGTON — President Barack Obama is already citing the decision not to proceed with the Keystone XL pipeline as one of the key accomplishments of his presidency. Obama spoke to the group Organization for Action on Monday. He recounted the improving economy and job numbers and the higher number of people with health insurance coverage. Those are staples in his ...

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Editorial: President agenda is anti-shovel-ready

President Barack Obama campaigned on a promise of “shovel-ready” jobs. It was the modern “chicken in every pot” but never quite panned out. “Shovel-ready was not as, uh, as shovel-ready as we expected,” Obama quipped in 2011, conceding the pledge seemed beyond his grasp. Today, his platform can be described as anti-shovel-ready. The president took to a White House lectern ...

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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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