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TransCanada Corp. has suspended a $15-billion lawsuit against the United States regarding its Keystone XL project following signals by U.S. President Donald Trump that he will likely approve the pipeline. The company filed the North American Free Trade Agreement challenge last year alleging the U.S. government failed in its commitment to protect Canadian investors and ensure the company was treated in accordance with international law.
The developer of the Keystone XL pipeline said Thursday that it is once again seeking state approval for a route through Nebraska. The Canadian company's previous attempts to start construction in Nebraska have been thwarted by activists and some landowners who worry that it could damage property and contaminate groundwater supplies.
The Trudeau government should admit that its commitment to carbon reduction is increasingly untenable, writes former TransCanada executive Dennis McConaghy Even prior to the election of President Donald Trump, it was evident that Canadian governments had come to terms with providing substantial incremental market access for Canadian energy exports, regardless of the impact that would inevitably have on the country ever meeting its Paris carbon emission reduction targets Put bluntly, governments recognized the need for the cash flow that would come with increased oil and gas exports over the short and medium term in order to sustain their existing social welfare obligations, let alone increase them.
TransCanada Corp. has submitted a new presidential permit application to the U.S. Department of State for approval of the Keystone XL pipeline. The project would move oil 1,180 miles from Alberta to Steele City, Nebraska, where it would connect with other lines for refineries along the U.S. Gulf Coast.
An oil pumpjack works at dawn in the Permian Basin oil field on Jan. 20, 2016 in the oil town of Andrews, TX. Don't crack the bottles of bubbly just yet, energy execs.
President-elect Donald Trump's plan to put a supporter of the Keystone XL pipeline into a crucial decision-making position may give the controversial pipeline a leg up. If approved as Secretary of State, Exxon Mobil Corp. Chairman and Chief Executive Officer Rex Tillerson would be in a position to approve the pipeline's presidential permit, a requirement for energy projects that cross an international border.
The controversial Keystone XL pipeline, all but dead under U.S. President Barack Obama, may find new life under pro-oil president-elect Donald Trump, who has vowed to reverse course on much of Obama's energy and environmental agenda. TransCanada Corp. said Wednesday it is considering how to pitch the next president on the benefits of the proposed, and denied, pipeline that would give oilsands crude better access to U.S. markets.
TransCanada, the company behind the disputed Keystone XL pipeline project, has filed a formal request to sue the US government for damages. The pipeline, which was designed to carry oil from Canada to refineries in the US, was rejected by US President Barack Obama last November.