In a surprise move Monday, TransCanada issued a request to the U.S. State Department that they pause the ongoing review of the project until the legal challenges in Nebraska are settled. (Interestingly and somewhat ironically, this is the exact same reason Secretary of State John Kerry gave for why the review was taking so long when asked last year.)
ESG & Industry Updates
TransCanada/White House Standoff Begins Ahead of Climate Change Summit
Posted by Ed Burke on Nov 4, 2015 1:24:28 PM
Topics: Keystone XL, TransCanada, Climate Change, obama
Today, the bill to approve the construction of the the Keystone XL pipeline hits the Senate, after the House approved Cassidy's legislation by 252-161 on Friday.
Topics: Energy Independence, Keystone XL, Energy Infrastructure, TransCanada, senate
Pipeline Stubbornness - Canada's "Work Around" & US Environmental Harm
Posted by Ed Burke on Oct 17, 2014 12:00:00 PM
Topics: Keystone XL, TransCanada, shale, railcar regulations, irving oil, environment
Tuesday the House passed bipartisan legislation to speed up the approval process for cross-border energy projects (ie Keystone XL), despite a promised veto from President Obama. The bill is known as the “North American Energy Infrastructure Act”, featuring 12 Republican and 8 Democratic co-sponsors. If it passed the Senate, it would establish by law that projects be granted or denied approval within 120 days of the Environmental Impact Study, and more significantly, it would remove the need for Presidential Approval.
Technically the bill doesn’t apply to Keystone XL, because the applications and environmental impact studies are already completed for that proposed project. However, that’s obviously the most glaring example of the need to speed up the process, and probably the impetus for the bill’s submission in the first place. In theory, TransCanada could resubmit their application and be subject to the speedier process. (A motion to prevent TransCanada from resubmitting should the bill pass was handily shut down by a wide margin.)
Topics: Energy Independence, Keystone XL, Energy Infrastructure, Congress, TransCanada, Environmental Impact Study
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