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Great White North
TransCanada Kills The Keystone XL Pipeline
2015-11-03
A nonstarter during the Obama Administration, it's dead on the Canadian side until oil prices rebound.
"In order to allow time for certainty regarding the Nebraska route, TransCanada requests that the State Department pause in its review of the Presidential Permit application for Keystone XL," the company said in the suspension request reviewed by The Wall Street Journal. "This will allow a decision on the Permit to be made later based on certainty with respect to the route of the pipeline."
Posted by:Raj

#2  Got Saudi's on the ropes, might as well let up so they can fund pro-Jihad Madrases again.
Posted by: rjschwarz   2015-11-03 18:55  

#1  Trans-Canada is asking for a delay since they know it will be killed by the current US State Department, and they still have hopes it might pass under the next Administration. Resurrecting a 'killed' proposal would be harder than simply continuing a delayed one.
I'm not sure what the new Trudeau administration will do with Keystone on the Canadian side - he won with no support from Alberta so he can kill it without penalty and at the same time score points with his supporters.
In the meantime Warren Buffett is laughing all the way to the bank.
Posted by: Glenmore   2015-11-03 08:48  

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