Keystone supporters and foes alike await vital report


Supporters and foes of TransCanada's (TRP) Keystone XL pipeline are bracing for the release of an environmental analysis from the U.S. government that could determine the $5.4B project’s fate.

“If that report comes out and it says Keystone is not going to have a significant climate impact, it will be hard for Obama to ignore his own agency’s finding,” says a senior campaigner for Friends of the Earth.

The report “will likely be the key indicator showing whether Pres. Obama approves the project or not," says a spokesman for Oil Sands Fact Check, a group supported by oil producers.

The U.S. State Department said this week there isn’t a timeline for releasing the analysis; the consensus is that it will come out early next year.

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Comments (10)
  • rvshaw
    , contributor
    Comments (117) | Send Message
     
    The state department works for Obama. Do you really think it'll be a fair analysis? If so, it wouldn't have taken this long.
    6 Dec 2013, 03:27 PM Reply Like
  • contaylor
    , contributor
    Comments (18) | Send Message
     
    Yea sure analysis will come out early next year just like last analysis came out last year (not yet )Bengausie Remember???
    6 Dec 2013, 04:21 PM Reply Like
  • Blue22
    , contributor
    Comments (449) | Send Message
     
    As far as I'm concerned TRP and all participants in the main pipeline, its feeder and pumping lines and stations and all pending contracts should be fully repaid for investments lost as the result of our government blocking the legally approved structures due to hypothetical, environmental concerns that have in no way been established in the courts and the pending trade war coming as a result of the US administration's violations of international law in regard to border disputes over the pipeline which don't exist in reality! This is exactly similar to the Chinese claiming all of the South and East China sea islands and waters as well as air space.

     

    This amount includes the several billion already spent and obligated to the pipeline project and perhaps a fair and just settlement of future income which has been irrevocably lost as a direct result of unjust US Federal actions. There are thousands of investors in the above project which must be fairly repaid for lost profits on stocks and other related investments, which made the project possible. Interest on lost income is applicable.
    

     

    6 Dec 2013, 04:40 PM Reply Like
  • bobby44
    , contributor
    Comments (487) | Send Message
     
    Reports???
    Do you really believe that reports will drive a decision?
    Silly boy!
    6 Dec 2013, 05:06 PM Reply Like
  • Bear Bait
    , contributor
    Comments (911) | Send Message
     
    Truthfully I hope KMP gets approval to expand the capacity of their pipeline to the West Coast of Canada and greatly reduces the need for Keystone XL. All Keystone XL is; is a route from Canada to the Gulf. The US will benefit very little from the project. My understanding is the oil will land in International Trade Zones and therefore not be subject to any US Taxation. When it all is said and done, the true benefit to anyone is probably somewhere between the enlarged claims of those supporting the pipeline and the greatly reduce negative claims of those against. I really hope the pipeline doesn't happen. But, despite my belief it's just a method for some one else to make money by pumping oil from Canada to the Gulf for export and has very little benefit for the US, reroute the damn thing away from the aquifer and build it!!
    6 Dec 2013, 06:08 PM Reply Like
  • Street Fighter
    , contributor
    Comments (10) | Send Message
     
    Actually, the oil from the Tar Sands is meant to replace Venezuelan and other heavy crude at high world prices (Brent) at our extensive refineries in the Gulf area. The U.S. gets the pipeline infrastructure business, the refinery jobs and infrastructure upgrades and maintenance---and the refined products are sold way below world costs---which hugely increases American competitiveness and balance of trade on many, many finished products. The whole package makes us the go-to guys for these products instead of some other country. Most of our world competitors would like to see Keystone XL go down......and they don't give a hoot about environment issues. Note that the Greenpeace ships don't go into Chinese territorial waters........and also note that the "good jobs" that Obama trumpeted are probably government jobs. Remember Detroit---its Obamaland's good-jobs dream for us.....
    6 Dec 2013, 06:30 PM Reply Like
  • bakermre
    , contributor
    Comments (378) | Send Message
     
    Trouble is you and the press never ask the relevant questions: What does Warren Buffett think of Keystone XL? Where does Burlington Northern R.R. fit into this picture? How about CP R.R., the "benefactors" of Lac Megantic, feel about Keystone XL? Finally, how about the Saudis and the Venezuelans, who gleefully ship their "pristine" clean crude into Gulf and East Coast ports with hardly a whisper or grumble from Green Peace???
    Where is David Suzuki when we need him to voice his venom on these topics? Keystone is dead, don't you people get it? Ask who benefits from killing Keystone XL; that's the real question. Follow the money!
    6 Dec 2013, 09:15 PM Reply Like
  • Bret Jensen
    , contributor
    Comments (13643) | Send Message
     
    This report will join the findings of Simpson & Bowles in the circular file. President will continue to move to the left to the detriment of the country.
    7 Dec 2013, 08:00 AM Reply Like
  • ozwald57
    , contributor
    Comment (1) | Send Message
     
    What will it mean to TRP's stock price if and when the XL pipeline is Blocked? Is this already being factored in to the stock price?
    7 Dec 2013, 12:06 PM Reply Like
  • bobby44
    , contributor
    Comments (487) | Send Message
     
    The only thing NOT factored in the stock price is the billions already spent on study and material. Expect that material to be used for other purposes. Maybe Energy east or a gas line to Pr Rupert.. North Dakota crude is still landlocked and needs a reliable delivery network as well, but the pipe is probably too large for that use. This is hurting everyone!
    8 Dec 2013, 10:48 AM Reply Like
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