Keystone XL rejected

2015-11-06

in Canada, Economics, Politics, The environment

From today’s announcement from Barack Obama:

Today, we’re continuing to lead by example. Because ultimately, if we’re going to prevent large parts of this Earth from becoming not only inhospitable but uninhabitable in our lifetimes, we’re going to have to keep some fossil fuels in the ground rather than burn them and release more dangerous pollution into the sky.

As long as I’m President of the United States, America is going to hold ourselves to the same high standards to which we hold the rest of the world. And three weeks from now, I look forward to joining my fellow world leaders in Paris, where we’ve got to come together around an ambitious framework to protect the one planet that we’ve got while we still can.

If we want to prevent the worst effects of climate change before it’s too late, the time to act is now. Not later. Not someday. Right here, right now. And I’m optimistic about what we can accomplish together. I’m optimistic because our own country proves, every day — one step at a time — that not only do we have the power to combat this threat, we can do it while creating new jobs, while growing our economy, while saving money, while helping consumers, and most of all, leaving our kids a cleaner, safer planet at the same time.

This action is a major statement about the need to transition away from fossil fuels and avoid developing them in their most damaging form. It will surely add even more energy to efforts to block other bitumen sands pipelines and otherwise drive the transition to a climate-safe global economy.

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{ 6 comments… read them below or add one }

Milan November 6, 2015 at 2:42 pm
alena November 6, 2015 at 3:28 pm

A great and timely decision. Let’s hope that it will inspire similar decisions in many countries.

Oleh November 10, 2015 at 4:47 am

This decision would not have seemed possible 4 years ago. Well done to the coalition that contributed to it. It also reflects the almost consensus of awareness concerning climate change. Interesting and reflective of that is that Canada’s Minister of Embironment is now Miniater of Environment and Climate Change

. December 29, 2015 at 2:52 pm

http://www.ottawacitizen.com/business/ewart+from+worse+price+plunge+dominates+2015/11614991/story.html

Keystone XL is dead: A seven-year political drama came to a decidedly predictable end in November as U.S. President Barack Obama rejected TransCanada Corp.’s bid to build the cross-border leg of the Keystone XL pipeline from the oilsands that became an environmental flashpoint globally and set off a diplomatic row between Ottawa and Washington. The end for the 825,000 barrel-per-day project came just weeks after Prime Minister Stephen Harper — a champion of pipelines, who had called Obama’s approval of Keystone “a no brainer” — was defeated in a federal election in Canada.

Rejection of Keystone XL highlighted the growing concern for Canadian producers gaining access to tidewater ports and global markets for growing volumes of already discounted crude as determined opponents to Enbridge’s Northern Gateway, Kinder Morgan’s Trans Mountain expansion and TransCanada’s Energy East become a challenge in policy debates and regulatory hearings.

. December 29, 2015 at 3:02 pm

http://business.financialpost.com/news/energy/lng-hope-and-opecs-tightrope-whats-in-store-for-canadas-oil-patch-in-2016?__lsa=0b2e-499f

With TransCanada Corp.’s Keystone XL pipeline proposal nixed by U.S. President Barack Obama and little hope of Enbridge Inc. building its Northern Gateway oil pipeline, Trans Mountain is one of two big hopes of the industry to reach global export markets

. January 23, 2016 at 1:48 pm

http://www.theglobeandmail.com/news/alberta/how-will-trudeau-sort-out-energy-east/article28360104/?cmpid=rss1&google_editors_picks=true

Barack Obama killed Keystone. Enbridge’s Northern Gateway scheme to the West Coast is alive in name only, thanks in part to opposition from Mr. Trudeau himself. There is vehement resistance in Greater Vancouver – led by some prominent mayors there – to the Kinder Morgan pipeline expansion. Worse, the B.C. government recently came out against the plan as well. This left Energy East as the most promising vehicle to get Alberta oil to fresh markets

At the same time, Mr. Trudeau, at least the one who was campaigning last October, said that for pipelines to be built the proponents needed to achieve “public trust” – a stand-in for the ever-ambiguous “social licence.” It’s going to be difficult, if not impossible, to achieve the necessary public trust to build Energy East given the developments of this week.

That is why this is such an intractable problem for the Prime Minister. He has, in some respects, painted himself into a corner, one that will be difficult to get out of. But get out of it he must, or there will be a harsh price to pay.

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