This briefing outlines compelling reasons for investors to question whether TransCanada should proceed with Keystone XL given various obstacles facing its construction and commercially viable operation, and suggests questions institutional financiers may wish to ask TransCanada.
This new investor briefing examines the current state of the Keystone XL pipeline and the legal, regulatory, and political obstacles that its owner TransCanada continues to face.
“Today was a victory for everyone working to stop Keystone XL. TransCanada did not get their preferred route which means years of new review and legal challenges are now on the table”
Stockman’s planned testimony outlines that changing market conditions and realities in the tar sands industry show that there is no market need for Keystone XL pipeline. This testimony has been essentially confirmed by recent statements by TransCanada representatives themselves, who have expressed doubt in finding sufficient shippers to fill the pipeline.
With refinery exports booming, the Gulf Coast awash in oil and oil companies ditching the tar sands, the energy security case for Keystone XL is more spurious than ever.
FOR IMMEDIATE RELEASE 9 JANUARY 2015 In response to the Nebraska Supreme Court decision on the Keystone XL tar sands pipeline route, Steve Kretzmann, Executive Director of Oil Change International released the following statement: “While the route for Keystone XL may have been approved on a technicality, passing the climate test is a much higher … Read More
Despite the industry’s multi-million dollar effort to distort the facts, the truth remains that Keystone XL would promote the increased production of the dirtiest oil on the planet
Creation of the world’s largest crop art image, the size of 70 football fields, depicting a #nokxl message to Pres. Obama to reject Keystone XL and protect our land, water and climate. The event will kick-off the week-long series of actions (April 22-27) called Reject and Protect planned for Washington, DC.