Showing posts with label transcanada. Show all posts
Showing posts with label transcanada. Show all posts
Monday, February 27, 2012
Intelligent Design or Natural Selection you decide on Keystone XL (New & Improved)
TransCanada Corp said on Monday it will build the southern leg of its $7 billion Keystone XL oil pipeline first.
Building the portion of the contentious pipeline that would run to Texas refineries from the Cushing, Oklahoma, storage hub before the northern section would help remove a pinch-point that has led to deep price discounts for U.S. and Canadian crude and forced refiners to rely more heavily on imports.
TransCanada said it wants the $2.3 billion southern leg in service by mid- to late 2013. It said construction would create 4,000 U.S. jobs.
The company also wrote to the U.S. State Department on Monday detailing plans to refile an application shortly for the remainder of line running to Steele City, Nebraska, from the Canada-U.S. border.
Labels:
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Wednesday, October 26, 2011
Keystone Pipeline offers nothing to the USA
U.S. President Barack Obama said Wednesday his administration would address concerns about a proposed Canada-to-Texas oil sands pipeline and no decision on it had been made.
Three environmental groups sued the U.S. government on Tuesday, challenging claims in a State Department report that the controversial pipeline posed little risk to endangered species because spills on the line were unlikely.
Protesters have dogged Obama about the issue in Washington and throughout the country.
During an event with young people in Denver, one activist interrupted Obama's remarks, urging the president to reject the project.
"We're looking at it right now, all right?" Obama replied. "No decision's been made and I know your deep concern about it, so we will address it."
Protesters who held up a banner reading: "Stop the Keystone Pipeline Project" were asked to leave.
Nebraska Governor Dave said on Monday he will call a special session of the state legislature over TransCanada Corp's proposed $7 billion oil sands pipeline that would cross ecologically sensitive areas.
Heineman wants TransCanada to change the route of the Canada-to-Texas Keystone XL pipeline away from Nebraska's Sand Hills region, which sits atop the Ogallala Aquifer, one of the largest sources of water for farms in the central United States. He does not oppose the pipeline outright.
"I believe Nebraskans are expecting our best efforts to determine if alternatives exist," Heineman said in a statement. He has urged President Barack Obama and Secretary of State Hillary Clinton to deny a presidential permit for the line until the route is changed.
If Nebraska succeeds in changing the route for the pipeline, it could delay the project.
The session in Nebraska's only legislative chamber will determine whether the state can determine the siting of pipelines within its borders. It will start on November 1.
The pipeline would take oil sands crude from Alberta to Gulf Coast refineries, and potentially to its ports for export.
Supporters say the line would provide thousands of jobs and increase oil imports from a friendly neighbor. Opponents say oil sands crude causes more greenhouse gas emissions and that the petroleum is more corrosive to pipelines than average crude oil.
Last week, Mike Flood, speaker of the state legislature, advised against a measure that would force TransCanada to move the right-of-way from the Sand Hills, saying such a move would unlikely hold up in court.
Heineman worked with Flood to set the starting date for the session.
TransCanada has said it is too late in the federal approval process to move the proposed path for the line. "The pipeline takes the safest route -- physically and environmentally," said Shawn Howard, a spokesman for TransCanada.
The U.S. State Department hopes to decide whether to greenlight the 700,000-barrels-per-day or more pipeline by the end of this year.
Three environmental groups sued the U.S. government on Tuesday, challenging claims in a State Department report that the controversial pipeline posed little risk to endangered species because spills on the line were unlikely.
Protesters have dogged Obama about the issue in Washington and throughout the country.
During an event with young people in Denver, one activist interrupted Obama's remarks, urging the president to reject the project.
"We're looking at it right now, all right?" Obama replied. "No decision's been made and I know your deep concern about it, so we will address it."
Protesters who held up a banner reading: "Stop the Keystone Pipeline Project" were asked to leave.
Nebraska Governor Dave said on Monday he will call a special session of the state legislature over TransCanada Corp's proposed $7 billion oil sands pipeline that would cross ecologically sensitive areas.
Heineman wants TransCanada to change the route of the Canada-to-Texas Keystone XL pipeline away from Nebraska's Sand Hills region, which sits atop the Ogallala Aquifer, one of the largest sources of water for farms in the central United States. He does not oppose the pipeline outright.
"I believe Nebraskans are expecting our best efforts to determine if alternatives exist," Heineman said in a statement. He has urged President Barack Obama and Secretary of State Hillary Clinton to deny a presidential permit for the line until the route is changed.
If Nebraska succeeds in changing the route for the pipeline, it could delay the project.
The session in Nebraska's only legislative chamber will determine whether the state can determine the siting of pipelines within its borders. It will start on November 1.
The pipeline would take oil sands crude from Alberta to Gulf Coast refineries, and potentially to its ports for export.
Supporters say the line would provide thousands of jobs and increase oil imports from a friendly neighbor. Opponents say oil sands crude causes more greenhouse gas emissions and that the petroleum is more corrosive to pipelines than average crude oil.
Last week, Mike Flood, speaker of the state legislature, advised against a measure that would force TransCanada to move the right-of-way from the Sand Hills, saying such a move would unlikely hold up in court.
Heineman worked with Flood to set the starting date for the session.
TransCanada has said it is too late in the federal approval process to move the proposed path for the line. "The pipeline takes the safest route -- physically and environmentally," said Shawn Howard, a spokesman for TransCanada.
The U.S. State Department hopes to decide whether to greenlight the 700,000-barrels-per-day or more pipeline by the end of this year.
Labels:
keystone pipeline,
nebraska,
Obama,
transcanada
Friday, August 26, 2011
Candian Oil to the USA not soon enough....
WASHINGTON — The Obama administration gave a crucial green light on Friday to a proposed 1,711-mile pipeline that would carry heavy oil from Canada across the Great Plains to terminals in Oklahoma and the Gulf Coast, saying the project would provide a secure source of energy without significant damage to the environment.
In reaching its conclusion that the Keystone XL pipeline from the oil sands deposits in Alberta would have minimal environmental impact, the administration dismissed criticism from environmental advocates, who said that extracting the oil would have a devastating impact on the climate and that a leak or rupture in the 36-inch-diameter pipeline could wreak ecological disaster. Opponents also said the project would prolong the nation’s dependence on fossil fuels, threaten sensitive lands and wildlife and further delay development of clean energy sources.
The State Department said in an environmental impact statement that the pipeline’s owner, TransCanada, had reduced the risks of an accident to an acceptable level and that the benefits of importing oil from a friendly neighbor outweighed the potential costs.
Final approval of the $7 billion project will not come before the end of the year, after public hearings and consultation with other federal agencies. But the State Department report Friday gave the clearest signal yet that the administration was prepared to see Keystone proceed.
The pipeline is expected to open in 2013 unless delayed by lawsuits or other challenges.
For many in the environmental movement, the administration’s apparent acceptance of the pipeline was yet another disappointment, after recent decisions to tentatively approve drilling in the Arctic Ocean, to open 20 million more acres of the Gulf of Mexico for oil leasing and to delay several major air quality regulations.
TransCanada has insisted that its pipeline will be as safe as any in North America. It has refused to change its application in the face of critics who say the half-inch thick pipe wall in the pipeline is insufficiently sturdy for maximum flow pressures, a claim the company denies.
TransCanada agreed to 57 conditions set by the Department of Transportation last spring, including burying the pipeline four feet below the surface, committing to frequent aerial and ground monitoring and setting the maximum distance between shut-off valves at 20 miles.
“We believe we are building the safest pipeline in North America,” said Terry Cunha, a TransCanada spokesman.
The Canadian government has lobbied hard for the pipeline extension, joining forces with oil companies like Royal Dutch Shell and Exxon Mobil that have large investments in Canadian oil sands production. The future expansion of oil sands production is largely at stake since planned production growth could overwhelm current pipeline capacity in less than five years.
Gary Doer, the Canadian ambassador to the United States, said building the pipeline would produce 20,000 construction jobs and 100,000 additional indirect jobs in services and supplies. “It’s good for the U.S. economy, U.S. jobs and U.S. energy security,” he said. “If you ask Americans, would you choose Canada over the Middle East, they’d say yes.”
Mr. Doer said the carbon emissions from oil sands production and refining have declined by roughly 40 percent per barrel since1990, and further improvements were being developed. “We have to continue working on the sustainability of development,” he said. “We believe in clean water and air too.”
Canada, already the United States’ No. 1 source of imported oil, produced 1.5 million barrels a day of synthetic crude from oil sands in 2010 and hopes to expand that total to 2.2 million barrels in 2015 and then to 3.7 million barrels a day by 2025. That level of expansion will require not only the Keystone project, but also pipelines to the west coast of Canada, where the crude could be exported to China and the rest of Asia.
The Keystone expansion would increase Canada’s pipeline capacity by 700,000 barrels a day, roughly equivalent to the amount of oil Malaysia produces. Proponents say that would give a big lift to Canada’s economy, and increase trade between the two countries.
If Keystone is not ultimately approved, Canada could proceed with plans to build pipelines to its west coast to increase exports, but that would mean regulatory delays spurred by opposition from Native Canadian groups that have a large say in territories they occupy.
The Canadian Energy Research Institute, a research group with ties to the oil industry, estimates that the Keystone extension would mean more than $600 billion in additional investments and revenue from operations in existing and future oil sands projects through 2035.
According to IHS-Cera, a consultancy, carbon dioxide emissions from the oil sands, including the full cycle from production through combustion and exhaust from an automobile tailpipe, is greater than many Saudi, Mexican and Venezuela crudes but is comparable or even lower than heavy crudes produced in California, Nigeria and the Middle East and pumped in American gas stations.
Labels:
canada,
energy,
exxon,
ihs-cera,
investment,
shell,
transcanada,
USA
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