TransCanada requests suspension of U.S. permit for KeystoneXL pipelin

[Historic NY]

Source: CNBC

BREAKING: TransCanada requests suspension of U.S. permit for KeystoneXL pipeline; request could end pipeline bid for now, beyond 2016 - DJ

Additional link
http://www.bloomberg.com/news/articles/2015-11-02/transcanada-asks-state-department-to-pause-keystone-xl-review


Calgary, Alberta-based TransCanada Corp. sent a letter to the State Department, which reviews cross-border pipelines, to suspend its application while the company goes through a state review process in Nebraska it had previously resisted. The move comes in the face of an expected rejection by the Obama administration and low oil prices that are sapping business interests in Canada’s oil reserves.

http://www.wsj.com/articles/transcanada-requests-suspension-of-u-s-permit-for-keystone-xl-pipeline-1446507279


No link yet.

---

Appears rejection by the Obama Administration is the main reason. But hidden in their reason is the low price of oil.

[retrowire]

1. Would this have anything to do with Trudeau? n/t

[Hekate]

2. I had a very strong feeling this would happen. Rejoicing here.

I had a feeling in my bones that Obama was just going to let it be studied to death, rather than actually let it pass.

[grntuscarora]

3. Happy dance here!

But they're increasingly moving the tarsands oil via rail---should be our next concern.

[TexasBushwhacker]

5. I think that's actually more hazardous

but less likely to spill thousands of gallons of oil. But the condition of our railroads isn't great.

[marble falls]

4. So what is their workaround? Canadian companies are the most sued regarding environmental....

issues all around the world.

[wiggs]

6. The route in Nebrask wasn't finalized. Of course the Obama administration so far had

rejected it. What I don't understand is how infrequently the dems, including Clinton, didn't bring up the many technical problems such as this one. They were/are content to let it be just a battle between 'environmentalists' and 'pro-growth all-of-the-above' republicans. There were many good reasons to continue to study the application and to ultimately deny it but as usual, dems let the debate get boiled down to someth black and white simplification.

Having whined about that....yea for the suspension!