Keystone XL Pipeline

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  1. US panel passes bil to fast-track Keystone XL Pipeline decision

    By Phaedra Friend Troy The US House Energy and Commerce Subcommittee on Energy and Power Wednesday approved a bill to help fast-track the construction of Transcanada’s ( TSX:TRP ) ( NYSE:TRP ) proposed Keystone XL Pipeline .  The North American-Made Energy Security Act (H.R. 1938) requires the Obama administration to issue a final order by Nov. 1, 2011, on whether the Keystone XL Pipeline can be built to transport oil from Western Canada to Texas. The bipartisan bill will now move to the full Energy and Commerce Committee for consideration.  “With Canada’s oil sands coming online and the enormous untapped resources residing here in the US , North America appears to have the capacity to break free from unfriendly sources of oil and bring down prices at the pump. There’s only one thing standing in the way – the Obama administration,” said Energy and Commerce Committee Chairman Fred Upton (R-MI) . “This legislation will end the delays and require this administration to make a timely decision on this pipeline. I look forward to advancing this bill through the full committee and the House.”  Keystone XL Pipeline Extension  The first two completed phases of the $13 billion Keystone Pipeline link Canadian crude oil to refining hubs in the Midwest, as well as Cushing, Oklahoma.  The $7 billion Keystone XL Pipeline hopes to transport crude oil 1,661 miles from Saskatchewan, Canada, through Montana, South Dakota, Nebraska and Kansas, where it would link with an existing portion of the pipeline to carry the Canadian crude and oil produced from the emerging Bakken Shale in the US to Oklahoma and then a new pipeline would transport the oil to refineries on the Texas Gulf Coast.  “Is it better for the US to get its oil from North American sources or from countries that are hostile to us?” asked Rep. Lee Terry (R-NE). “If we let this opportunity slip by because of delaying this decision, this North American energy supply will go to other countries and be returned to us at a premium. Not only that, we will lose jobs that could have been created both in construction and refining. We cannot afford to continue to delay.”  The Keystone XL Pipeline expansion is expected to create some 20,000 jobs during construction.  “Today’s bipartisan vote is an important step to end the delays and approve construction of the Keystone XL pipeline,” said Charles T. Drevna, president of the National Petrochemical & Refiners Association. “The pipeline would benefit American families and businesses by supplying US refineries with oil they need to manufacture gasoline, diesel and other fuels to serve the American people. This pipeline would strengthen America’s economic and national security and provide jobs for American workers.”  A recent report from IHS CERA stated that the 700,000-barrel-a-day Keystone XL pipeline would support increased domestic oil production and supply, and is a needed solution to support changing oil supply trends, namely increasing production from the Canadian Oil Sands and the Bakken Shale of North Dakota and Montana.

    Online Articles

    Online Articles

    Wed, 15 Jun 2011

  2. Keystone XL pipeline would create 50,300 years of employment in Texas - study

    As the Department of State proceeds with its 90-day consultation period to determine if TransCanada's proposed Keystone XL pipeline is in the US national interest, an independent economic study finds that the construction of the project should provide significant, positive contributions to the ...

    Online Articles

    Online Articles

    Mon, 26 Sep 2011

  3. The economic impact of the Keystone XL pipeline

    REMI and Energy & Water Economics announce study examining the economic effects of the proposed expansion of Keystone pipeline .

    Online Articles

    Online Articles

    Tue, 13 Mar 2012

  4. NPRA says rejection of Keystone XL pipeline threatens American national security and jobs

    National Petrochemical & Refiners Association President Charles T. Drevna today issued a statement after the announcement that the Obama administration has rejected a construction permit for the Keystone XL pipeline .

    Online Articles

    Online Articles

    Thu, 19 Jan 2012

  1. Keystone XL pipeline delay not expected to affect Port Arthur refining activity

    Online Articles

    Online Articles

    Tue, 15 Nov 2011

  2. House panel subpoenas Kerry on Keystone XL pipeline documents

    A House of Representatives panel has issued a subpoena to Secretary of State John Kerry for department documents, reports and letters related to the contentious push to build the $8 billion Keystone   XL pipeline .

    Online Articles

    Online Articles

    Fri, 10 Jul 2015

  3. Transcanada's Keystone XL pipeline expansiont project enters final stages of regulatroy review

    TransCanada confirmed that the regulatory process for the Keystone XL pipeline has now entered the final stages of review by the U.S. Department of State.

    Online Articles

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    Wed, 16 Mar 2011

  4. State regulators reject requests to toss out Keystone XL Pipeline

    State regulators could make a decision as early as next month on whether to again approve the South Dakota portion of the Keystone XL pipeline .

    Online Articles

    Online Articles

    Tue, 22 Dec 2015

  5. Committee approves bill to speed Keystone XL Pipeline approval

    The North American-Made Energy Security Act passed with bipartisan support in an effort expedite a final decision on the Keystone XL pipeline , a project that would allow millions of barrels of Canadian oil supplies to flow into US markets.

    Online Articles

    Online Articles

    Fri, 24 Jun 2011

  6. TransCanada launches new ad campaign to support Keystone XL pipeline

    TransCanada Corporation will launch a series of ads featuring one of the preeminent experts on the Ogallala aquifer regarding the actual risks the proposed Keystone XL pipeline could pose to it.

    Online Articles

    Online Articles

    Mon, 26 Sep 2011

  7. TransCanada inks labor agreements for Keystone XL Pipeline project, expects to create 13,000 US jobs

    TransCanada signed Project Labor Agreements for a significant portion of U.S. construction of the proposed US$7 billion Keystone Gulf Coast Expansion Pipeline Project. During construction, the project is expected to create over 7 million hours of labor and over 13,000 new jobs for American workers.

    Online Articles

    Online Articles

    Tue, 14 Sep 2010

  8. USHCC urges swift action on Keystone XL pipeline construction

    The USHCC is urging President Obama to order the U.S. State Department to approve the pipeline.

    Online Articles

    Online Articles

    Mon, 14 Nov 2011

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