John Kerry Holds Trilateral Meeting With Canadian And Mexican Counterparts

U.S. Secretary of State John Kerry (R) and Canadian Foreign Minister John Baird (L) speaks to the press prior to a bilateral meeting


The US State Department released its Final Environmental Impact Statement on the Keystone XL Pipeline project Friday, which received spirited reactions across the energy business and political spectrums. The findings were largely in line with previous Environmental Impact Statements, which concluded Canada’s oil sands resources would likely be developed regardless of the pipeline’s construction. This piece has numerous reactions from politicians and stakeholders on both sides of the aisle. [Washington Examiner]

The FT’s Lex column deals with the challenge of making oil company investors happy. With capital expenditure among the majors slowing after a hefty bout of spending, National Oil Companies are picking up the slack as countries like Mexico, Saudi Arabia and Iran look to boost oil & gas production. Investing in NOCs can be difficult and risky, so oil field service firms may be the best strategy for those seeking exposure to significant near-term NOC investment. [Financial Times]

A broken pipe is leaking water from a coal-ash basin into the Dan River in North Carolina. The leak is coming from Duke’s Dan River coal-fired power plant, which has been closed since 2012. “Engineers are working to estimate the volume of water and ash that reached the river, and the company will provide that detail when it is confirmed,” Duke said. “A team continues to work to eliminate the discharge from the pipe.” [Bloomberg]