06/17/2014 18:08mayank

As a Senate committee nears a meeting where it’ll take up a bill to approve the Keystone XL pipeline, the oil industry is again calling for a speedy approval, citing job creation.

American Petroleum Institute President Jack Gerard hosted Sean McGarvey, president of AFL-CIO’s building and construction trades department, for the latest media call in a publicity blitz supporting the pipeline project, for which delays in approval have lasted more than five years.

The project, when construction is completed, will employ 35 people permanently, according to the State Department’s final Environmental Impact Statement on the project.

But Gerard and McGarvey on Monday focused on a different figure -- for one to two years of construction, including indirect and induced economic effects, the project could employ approximately 42,100 jobs, according to the state department’s EIS. Gerard and McGarvey said that injection of jobs would help America as its fragile economy still recovers from a recession and as veterans return from overseas in search of work.

http://www.prairiebizmag.com/event/article/id/19580/group/Energy%20and%20Mining/

   04/29/2014 19:32kruijs

Shares of the Calgary-based company retreated over 3% on Monday, the first trading day since the U.S. State Department once again punted on whether or not to approve the $5.4 billion project.

The State Department is extending the input period for federal agencies to examine the pipeline project because of the "potential impact" of a pending Nebraska Supreme Court case.

The battle in Nebraska's high court is over the legality of the approval process for the pipeline's route through the state. It may not be wrapped up until the end of the year or early 2015.

http://money.cnn.com/2014/04/21/investing/keystone-xl-stock/

   01/31/2014 21:10kruijs

The State Department released a report on Friday that could pave the way toward President Obama’s approval of the Keystone XL oil pipeline.

The long-awaited environmental impact statement on the project concludes that approval or denial of the pipeline, which would carry 830,000 barrels of oil a day from Alberta to the Gulf Coast, is unlikely to prompt oil companies to change the rate of their extraction of carbon-heavy tar sands oil, a State Department official said. Either way, the tar sands oil, which produces significantly more planet-warming carbon pollution than standard methods of drilling, is coming out of the ground, the report says.

http://www.nytimes.com/2014/02/01/us/politics/report-may-ease-way-to-approval-of-keystone-pipeline.html?_r=0

   09/03/2013 21:57kruijs

A decision on whether to approve the Keystone XL oil pipeline may slip into next year, giving opponents time to marshal efforts against it while offering President Barack Obama a chance to wring concessions from Canada.

The U.S. State Department is reviewing TransCanada Corp. (TRP)’s request to build the $5.3 billion link from Alberta’s oil sands to U.S. refineries in the Gulf Coast. The department said it won’t complete its environmental-impact review of the pipeline until after reviewing and publishing 1.5 million public comments it received, a months-long process that could be completed as soon as this week.

http://www.bloomberg.com/news/2013-09-03/keystone-delays-seen-giving-time-for-climate-concessions.html

   08/26/2013 20:43kruijs

The State Department's decision on the Keystone XL pipeline is in danger of being pushed into 2014.

State's internal watchdog on Friday said it won't complete until January a review of allegations that the department hired a contractor with a conflict of interest to review the pipeline project.

It’s unclear whether State would need to wait for its Office of Inspector General to release that report before deciding whether to recommend approval of the Canada-to-Texas pipeline. State did not return a request for comment from The Hill.

http://thehill.com/blogs/e2-wire/e2-wire/318507-inquiry-by-state-dept-internal-watchdog-could-delay-keystone-xl-decision-until-14

   06/26/2013 10:31kruijs

I don't think so, since there is massive interest in a decision from companies who want to build and utilize it: "A final State Department decision on the $7.6-billion project is expected this fall."

http://business.financialpost.com/2013/06/25/decision-on-keystone-must-be-in-best-national-interest-of-u-s-obama/

   06/26/2013 07:48Conspiracy2Riot

so, in other words, most of us will have succumbed to some unfortunate fate, probably climate related, before we get our krujis cash?

   06/26/2013 05:57kruijs

@c2r Settles on announcement of a decision by the State Department.

   06/25/2013 22:02Conspiracy2Riot

this q suspends at the end of july, 2013...but what year will it pay out? i don't see details on a 'settled by' or 'built by' or 'started construction by' date.

   06/25/2013 19:55cici

As long as Obama & Warren Buffett are pals, it won't be built. They use Buffett's railroad line to transport the oil, he's not going to lose a fortune.

   06/25/2013 19:06kruijs

Obama to say Keystone XL pipeline should be OK'd only if it won't increase emissions.

http://www.sfgate.com/news/article/Official-Obama-to-say-Keystone-XL-pipeline-4621023.php

   04/09/2013 20:20kruijs

A top official with TransCanada Corp., the developer of the proposed Keystone XL oil sands pipeline, said a White House decision on the project appears to be “many more months down the road.”

http://thehill.com/blogs/e2-wire/e2-wire/292701-keystone-xl-pipeline-developer-fears-white-house-decision-is-many-months-away

   02/28/2013 19:51kruijs

President Obama, in return for allowing this Pipeline to be built, allegedly wants Canada to express an even stronger verbal commitment to oppose global warming than Canada already has verbally done.

http://www.businessinsider.com/obama-keystone-pipeline-approval-2013-2

   12/18/2012 21:03kruijs

The prospect of a new U.S. secretary of state favoring tougher carbon policy should not worsen the odds of the Keystone XL oil pipeline being approved, the chief executive of TransCanada Corp (TRP.TO), the contentious project's proponent, said on Monday.

There is a possibility the U.S. State Department will have a new secretary before the department's deadline of the end of March for a issuing a decision on the project. Democratic Senator John Kerry, who has long supported taking more action to cut greenhouse gas emissions, is widely expected to be the nominee to replace Hillary Clinton.

http://www.reuters.com/article/2012/12/18/us-transcanada-ceo-interview-idUSBRE8BG18I20121218

   11/24/2012 20:30kruijs

The fight over a proposed pipeline to transport crude oil from Canada to Gulf Coast refineries has picked up again with groups on both sides putting pressure on President Barack Obama to either approve or reject the pipeline.

http://www.businessweek.com/ap/2012-11-15/oil-industry-group-pushes-obama-to-ok-pipeline

   05/07/2012 19:54Josef Biesenberger

http://www.willistonherald.com/news/transcanada-reapplies-for-keystone-xl-oil-pipeline/article_be41a13c-9865-11e1-9bec-001a4bcf887a.html

   11/23/2011 22:48kruijs

Facing a contentious decision that would split his political base, President Obama deftly drew upon his U.S. Senate experience. Essentially, he voted “present”, delaying and perhaps killing the planned $7 billion Keystone XL pipeline project until after the next election. As a result, an estimated 20,000 union job opportunities are likely to go elsewhere.

http://www.forbes.com/sites/larrybell/2011/11/22/obamas-keystone-conundrum-union-jobs-vs-environmental-jabs/

   11/21/2011 21:08kruijs

The reversal of the Seaway Pipeline last week fed substantially higher WTI crude oil prices, as it will help ease the bottleneck at Cushing, Oklahoma. The price spread with Brent crude will remain, though, given pipeline under capacity (as Keystone XL remains delayed) and rising output from Canada’s oil sands, according to RBC Capital markets which sees the Brent-WTI spread averaging $9 per barrel in 2012 and $7 per barrel in 2013. Oil focused U.S. E&Ps are poised to benefit, with RBC’s average EPS estimates for 2012 up 6% to 11% for 2013.

http://www.forbes.com/sites/afontevecchia/2011/11/21/oil-prices-brent-wti-spread-narrows-but-keystone-delay-keeps-it-alive/

   11/21/2011 21:04kruijs

At a special session of the Nebraska Legislature, a state senator announced Monday that TransCanada had agreed to adjust its intended route of the Keystone XL oil pipeline to avoid the environmentally sensitive Sand Hills region of the state.

http://www.nytimes.com/2011/11/15/science/earth/keystone-xl-pipeline-transcanada-reroute.html

   11/03/2011 20:50kruijs

Keystone XL: Haste And Inexperience Hampered State Department's Environmental Review
http://www.huffingtonpost.com/2011/11/03/keystone-xl-haste-and-ine_n_1074010.html