TransCanada

Oil Royalties Dwindle: Alaskans Agitate For Gas Drilling

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Alaskans’ way of life is threatened as oil production declines and new pipelines for natural gas remain difficult to justify financially.

Larry Persily, Federal Coordinator for Alaska Natural Gas Transportation Projects, said only high oil prices are keeping state royalties from dropping even more. The state gets 90% of its General Fund – some $8 billion last year — from oil and gas royalties. Alaskans pay no income or sales taxes, and get an annual cash rebate from the royalty fund. Keep reading →

 /  Published January 11, 2012 at 10:00 AM

API Wants Energy Back In 2012 Elections

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Energy issues aren’t popping up much yet in election year discussions and debates, but if the American Petroleum Institute gets its way, they will be.

API President and CEO Jack Gerard told a luncheon in Washington, DC Wednesday that the oil and gas lobby is launching a nationwide “conversation with the American people” called “Vote for Energy.” Keep reading →

 /  Published January 5, 2012 at 10:00 AM

International Markets: AOL Energy Year In Review

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As technology improves the world grows smaller and as it does energy markets have become more intertwined than ever before.

Its no longer unusual for an American company to invest in Turkey or for a European company to manufacture in Asia. But even as globalization has opened opportunities for investors and entrepreneurs, it has added–at times this year–crippling pressures on sectors of the energy industry. Keep reading →

 /  Published December 21, 2011 at 6:00 AM

Recurrent Diversifies From US Markets With Mizuho Financing For Canadian Solar Projects

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With TransCanada’s proposed Keystone XL pipeline under scrutiny and Canada announcing its exit from the Kyoto Protocol, the fossil-fuel-rich country often surprises observers with its commitment to renewable energy investments as well.

On Monday, California-based Recurrent Energy announced that it has secured $250 million in financing for twenty utility-scale solar developments–producing a total of 200 MW of power–in the Canadian province of Ontario. The funds, from Mizuho Corporate Bank, are being transferred as a four-year construction revolver credit facility, one of the largest of its kind in North America. Keep reading →

 /  Published December 20, 2011 at 6:00 AM

GOP Lawmakers Slow Down Bills With Anti-Environmental Attacks

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Last night the House of Representatives passed a payroll tax bill, but at the same time they took Americans’ health and safety hostage. They used a bill Congress feels it must pass to jam through two riders that would weaken protections against polluters.

One rider would allow industrial facilities to release more mercury, lead, and other toxins into the air we breathe. The other would enable the Keystone XL pipeline to go through the American Heartland without the environmental and safety review the White House deemed necessary. Keep reading →

 /  Published December 19, 2011 at 6:00 AM

Obama: Veto On GOP Payroll Tax If Keystone Pipeline Included

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In a press briefing on Tuesday, White House Press Secretary Jay Carney made clear that President Obama would veto a GOP-proposed payroll tax if it included a provision to accelerate the timeline of the Keystone XL pipeline.

A project of TransCanada the Keystone XL pipeline was intended to travel 1,700-kilometers from Alberta’s oil sands to the Gulf Coast in Texas to transport 700,000 barrels of oil a day. Much of the pipeline is already lying on the ground in North Dakota, waiting to be constructed. But this November, Obama delayed a decision on construction of the pipeline, pending further review and delaying it till after the 2012 presidential elections. Keep reading →

 /  Published December 14, 2011 at 6:00 AM

Gov. Heineman: Pipeline Re-Routing is Nebraska Common Sense

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Gov. Heineman: Pipeline Re-Routing is Nebraska Common Sense: (Lincoln, Neb.) tinyurl.com/7dzadjg @Gov_Heineman

 /  Published November 23, 2011 at 10:00 AM

TransCanada To Nebraska: Altering Keystone XL Pipeline Route Would Be Unconstitutional

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In a signal of what might lie ahead in the contentious battle over the Keystone XL oil pipeline, the company behind the proposed project, Calgary-based TransCanada, suggested this week that legislative efforts underway in Nebraska to force a rerouting of the pipeline could prove unconstitutional.

The Nebraska legislature, at the urging of the state’s governor, opened a special session Tuesday during which lawmakers were expected to begin introducing myriad bills designed to tweak Nebraska’s pipeline siting and safety authority. For many lawmakers, the overarching goal is to force TransCanada to seek a different route for the pipeline, which as currently conceived would cut through a sensitive region known as the Sand Hills — part of the larger, multi-state Ogallala aquifer. Keep reading →

 /  Published November 2, 2011 at 1:15 PM

Envisioning A US-Canada Energy Partnership

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Canada doesn’t cheer when the US economy fails, Alberta’s Energy Minister Ron Liepert told a small gathering a the Canadian consulate in New York City on Tuesday.

The Canadian economy is largely dependent on the success of the American one, he said, and this is particularly true when it comes to energy. As heated debate continues to surround the recently-State-Department-approved TransCanada XL Pipeline, Liepert emphasized that for Alberta, the long-winded American regulatory process was holding up a much needed boost to the province’s economy. Keep reading →

 /  Published September 7, 2011 at 6:00 AM

Proposed Tar Sands Pipeline Turns Up Heat

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On Tuesday night the House passed a bill mandating a decision on the proposed Keystone XL tar sands pipeline by November 1. This bill is unlikely to pass the Senate and become law, mostly because it would speed us towards a pipeline that could have a disastrous effect on US waters and communities.

What the public wants is better pipeline safety, not acceleration of a pipeline that would threaten the Yellowstone River, the Nebraska Sandhills and the Ogallala Aquifer. The more the public learns, the more concerned they get. It is ironic that in the wake of the Yellowstone River oil spill and on the anniversary of the yet-to-be-cleaned up Kalamazoo River tar sands oil spill, the House would act so contrary to the public concerns about pipeline safety. In fact, to heighten the irony, on Wednesday, the House Energy Committee will discussed a draft pipeline safety bill that would require a study of the impacts of raw tar sands oil such as would be carried in the proposed Keystone XL pipeline. Keep reading →

 /  Published August 1, 2011 at 6:00 AM
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