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Keystone makes TransCanada more cautious about future U.S. forays: executive

The Canadian PressMay 23, 2013 17:01

CALGARY - A TransCanada executive says the experience with the Keystone XL pipeline project has made the company more cautious about future cross-border endeavours. Alex Pourbaix (por-BAY') says he knew it would be a challenge when TransCanada embarked on the Keystone project. But he says nobody expected it would drag on for five years. Pourbaix says Calgary-based TransCanada (TSX:TRP) needs to make sure in the future that it has solid backing from all sides in a pipeline project.

Republicans aim to take Keystone XL decision out of Obama's hands

The Canadian PressMay 22, 2013 17:00

WASHINGTON - The American political brawl over the approval of TransCanada's proposed Keystone XL pipeline shifted into overdrive on Wednesday as Republicans in the House of Representatives made yet another attempt to take the decision out of U.S. President Barack Obama's hands. Legislators voted 241-175 in favour of the Northern Route Approval Act, which would give Congress the power to greenlight the pipeline and nix the need for a presidential permit. The bill, however, faces a far less certain future in the Democrat-controlled U.S. Senate.

Canada's Harper pitches Keystone oil line in NY

Agence France-PresseMay 16, 2013 22:30

Canadian Prime Minister Stephen Harper was in New York Thursday promoting the Keystone XL pipeline, the $5.3 billion project that would move oil from the province of Alberta to the US heartland. Washington is expected to decide soon on the fate of TransCanada's proposal to build the 1,179-mile (1,897-kilometer) line to the US state of Nebraska, where it would connect with another pipeline to move the oil to refineries in Texas.

Canada PM defends tar sands pipeline plan, saying oil will come into U.S. anyway

The Canadian PressMay 16, 2013 16:48

NEW YORK, N.Y. - Canada's prime minister says a controversial oil pipeline from his country to the U.S. Gulf Coast "absolutely needs to go ahead" and warns that the oil will be transported through one way or the other. Stephen Harper spoke on the Keystone XL project during a visit to New York City on Thursday. The pipeline project carrying oil from Canada's tar sands would need approval from the U.S. State Department.

Technology will be key to conquering climate change in long run, Harper says

The Canadian PressMay 16, 2013 05:00

NEW YORK, N.Y. - Global warming will only be brought under control by deep international collaboration and intense investment in technology — not yelling on street corners, Prime Minister Stephen Harper says. Harper was in New York all day Thursday, addressing an influential group of American academics at the Council on Foreign Relations and meeting separately with a tight-knit group of business leaders.

Canadian senator: Proposed pipeline has better chance of reality after Liberals' re-election

The Canadian PressMay 15, 2013 17:36

TORONTO - The re-election of British Columbia's Liberal government means a pipeline from Alberta to Canada's Pacific coast that would allow tankers to export oil to Asia now has a better chance of being built, a Canadian senator said Wednesday. British Columbia's Liberal party surprised pundits by winning Tuesday's election. The leftist New Democratic Party, which is against Enbridge's proposed Northern Gateway pipeline, had widely been expected to win.

Better oil price needed for emissions controls to work: environment minister

The Canadian PressMay 12, 2013 13:30

OTTAWA - The ability of the oil and gas sector to absorb tough government controls on their greenhouse gas emissions depends on Canada getting a better price for its oil, Environment Minister Peter Kent says. The extra revenue would allow companies to invest heavily in leading-edge technology that would curtail pollution, he said in an interview from London. "What we have to do, one way or another, is get rid of the U.S. discount," Kent said. "That would certainly provide great latitude to invest in the technology....Keystone or not."

Oliver hurls more insults as he ends oilsands promotion tour through Europe

The Canadian PressMay 10, 2013 14:00

OTTAWA - Just as Prime Minister Stephen Harper heads to the United States to win over hearts and minds on Canada's pipeline plans, his natural resources minister is wrapping up a similar tour in Europe by lobbing insults at oilsands critics. In a conference call Friday from London, Joe Oliver dismissed suggestions that the government's transcontinental public-relations press on energy and the environment is a sign of desperation in Ottawa.

Harrison says Canadian Pacific proceeding cautiously with oil-by-rail business

The Canadian PressMay 1, 2013 13:15

TORONTO - The head of Canadian Pacific Railway (TSX:CP) says he believes there is enough room in the oil and gas industry for businesses to oil ship by rail and by pipeline. However, Hunter Harrison told the company's annual meeting that the railway is "proceeding cautiously" in the business and doesn't plan to build long-term infrastructure for what could be a short-term boom. "It's an opportunity but it's something we have to be pretty cautious about," Harrison said from the meeting at a Toronto hotel.

TransCanada says Keystone XL likely won't be operating until second half of 2015

The Canadian PressApril 29, 2013 16:02

CALGARY - TransCanada Corp. said Friday its controversial and long-delayed Keystone XL pipeline will take longer and cost more to bring into service than previously expected as it continues to await U.S. government approval. The company (TSX:TRP) had been sticking to its late 2014 or early 2015 start up target, but the longer the regulatory process dragged on, the more difficult achieving that target became. It is now looking at a late-2015 start-up for the pipeline, which would deliver 830,000 barrels per day from Alberta to U.S. markets, if and once it is built.