Report: Obama’s Keystone XL delay ‘could kill the project entirely’

As we were saying…

Climatewire reports,

After a week of speculation, the department officially announced it needed to conduct further investigation of the impact of TransCanada’s Keystone XL on the Sandhills region of Nebraska, a process that could not be completed until at least the first quarter of 2013. Originally, State said it expected a decision by the end of the year.

The delay could kill the oil project entirely, depending on the reaction of oil companies in existing agreements with TransCanada. It also raised questions about how oil-sands producers in Canada would get their product to market in the next decade, considering opposition to alternative pipeline routes…

Temporary triumph for McKibben

“If this pipeline proposal re emerges from the review process intact, we will use every form of nonviolent civil disobedience to keep it from ever being built,” said Bill McKibben, a pipeline opponent and the founder of…

The bigger question could be how Canadian industry responds, and how much impetus the current delay gives to alternative proposals to carry Canadian oil.

Enbridge has a tentative proposal — known as Enbridge Gateway — to carry oil across Canada to a port in Kitimat, British Columbia, where it could feed thirsty Chinese markets. But the pipeline has faced opposition from First Nation groups and could be a decade away from approval. Other pipeline proposals — both to carry oil-sands crude across Canada and to extend existing capacity in the Midwest — also are years away from construction…

Congressional Republicans have the tools to fix this problem. Will they use them?

One thought on “Report: Obama’s Keystone XL delay ‘could kill the project entirely’”

  1. US Economic suicide? Of course it is! The War on Terror, the War on Fossil Fuels, the War on Hydraulic Fracturing for natural gas, the War on offshore oil drilling, the war on the TransCanada pipeline, etc…….. When will this nonsense end. Why don’t we just raise gasoline prices to $8.00 a gallon like in Japan and other countries and watch these environmentalists scream unfair, while it destroys the US economy.

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