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U.S. Seeks New Keystone Pipeline Route

Environment  (tags: Keystone, Oil, habitat, environment, pollution )

- 2413 days ago -
The decision was a victory for environmental groups, who say producing oil sands crude emits large amounts of greenhouse gases. It was a blow to TransCanada Corp, which planned to build and operate the conduit.

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Barbara W (342)
Thursday November 10, 2011, 11:05 pm
Excerpt: "The State Department said that based on past experience a study of the new route could be completed as early as the first three months of 2013, well past the November 6 2012 U.S. presidential election.

Department officials, who spoke on condition of anonymity, said the new study a would examine a route that avoids the environmentally sensitive Sand Hills of Nebraska.

The U.S. State Department had previously said it hoped to make a decision on the $7 billion project by the end of this year.

Analysts have said a long delay could kill the pipeline project because it would cause shippers and refiners to look for alternative routes to get Canadian oil sands crude.

The White House denied that the decision to look into a new route was politically motivated.

While the decision may hurt Obama with industry and could allow Republicans to argue that he has cost the nation jobs, it also may shore up his support from environmentalists, an important constituency for Obama and his fellow Democrats.

"Politically it's an effort to avoid antagonizing either side of the issue," said David Pumphrey, a senior fellow at the Center for Strategic and International Studies and former Energy Department official.

"Both sides are likely to be disappointed, but since it's impossible to calculate the most damaging outcome, better to buy time," Pumphrey said.

National Wildlife Federation President Larry Schweiger called the move a major victory for environmentalists but that they would keep up the fight against oil sands.

"The president should know that nothing that happened today changes our position -- we're unequivocal in our opposition," said Bill McKibben the leader of recent protests at the White House against the pipeline that drew thousands of opponents.

"If this pipeline proposal reemerges from the review process intact we will use every form of nonviolent civil disobedience to keep it from ever being built," he said.

TransCanada shares were down 30 Canadian cents to C$40.28 by midafternoon on the Toronto Stock exchange, in line with the market. Rival Enbridge Inc, which stands to benefit should Keystone XL be canceled as shippers move Canadian oil onto its U.S. pipeline network, fell a similar amount." More at link..

Past Member (0)
Friday November 11, 2011, 4:59 pm
unreal. im disgusted.

Aletta Kraan (146)
Saturday November 12, 2011, 8:35 am
Noted , thanks !

. (1)
Sunday November 13, 2011, 2:57 am
Noted. Thank you Barbara.
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