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InsideClimate News: It will be close to three years, at least, before oil could possibly be moving through the controversial Keystone XL pipeline—if the pipeline is completed at all. Company officials now concede that after battling protests and regulatory hurdles for nearly a decade, market forces could scuttle the project. Canadian pipeline giant TransCanada first […]
Karl Cates
U.S. Nuclear Industry Reconsiders Expansion; Utility Exec Sees Less Risk in Turbine Farm Than Coal; Keystone XL Doesn’t Pencil Out Anymore
It’s de rigueur anymore for energy companies across the board to play up their clean-energy commitments—actual or just advertised—but executives at American Electric Power put some of their money where their mouths were in announcing intentions last week to invest $4.5 billion in the new Wind Catcher farm in Oklahoma. AEP’s logic is rooted in […]
Associated Press: The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics. Low oil prices and the high cost of extracting Canadian crude from oil sands are […]
Editorial Board of the St. Louis Post-Dispatch: The company that is building the controversial Keystone XL pipeline no doubt wishes Energy Secretary Rick Perry had been right last week when he explained the law of supply and demand. At a coal-fired power plant in West Virginia on Thursday, Perry dismissed worries about the future of […]
Wall Street Journal/Dow Jones Newswires: Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore. Delayed for nearly a decade by protests and regulatory roadblocks, Keystone XL got the green light from President Donald Trump in March. But the pipeline’s operator, […]
Associated Press: TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline. The Calgary-based company’s announcement this month comes with the Keystone XL still needing approval of its proposed route through Nebraska and with the Dakota Access, which was designed to […]
Associated Press: Opposition to the Dakota Access oil pipeline has persuaded some banks to stop supporting projects that might harm the environment or tread on indigenous rights, but calling the divest movement a success might be a stretch. It doesn’t appear to be hurting the ability of energy companies to get financing and it doesn’t […]
SNL: Even with the presidential permit he worked almost eight years to secure in hand, TransCanada Corp. CEO Russ Girling said his company’s Keystone XL pipeline still has to clear a number of hurdles before it becomes a reality. Routing the line through Nebraska and renewing shipper support are just two potential pitfalls for the […]
Ozy.com: Property rights, rather than environmental ones, are increasingly forming the brunt of arguments against pipelines — and not just in Georgia and South Carolina, which have recently passed laws backing landowners. Just three days before the crucial New Hampshire presidential primary last year, the Union Leader reported that 627 of 836 property owners in the Granite […]
TelesurTV: BNP Paribas announced Wednesday that it had sold its US$120 million share in the joint US$2.5-billion Dakota Access Pipeline loan, becoming the third bank of the 17 involved to cut ties to the oil project amid a major divestment campaign by Native Americans and activists that was pushed for after the revival of the […]
IEEFA Update: Something in the Wind
U.S. Nuclear Industry Reconsiders Expansion; Utility Exec Sees Less Risk in Turbine Farm Than Coal; Keystone XL Doesn’t Pencil Out Anymore
It’s de rigueur anymore for energy companies across the board to play up their clean-energy commitments—actual or just advertised—but executives at American Electric Power put some of their money where their mouths were in announcing intentions last week to invest $4.5 billion in the new Wind Catcher farm in Oklahoma. AEP’s logic is rooted in […]