TransCanada Files Amended Bid for Keystone

Friday, 04 May 2012 11:31 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
TransCanada Corp. has re-applied for a U.S. permit for the $5.3 billion Keystone XL oil pipeline, this time seeking permission to build a portion of the original project from the Canadian border to Steele City, Nebraska.

The application uses already reviewed routes through Montana and South Dakota and will add an “alternative” path through Nebraska determined by the state’s Department of Environmental Quality, according to a statement from the Calgary-based company today.

TransCanada’s prior application for the Keystone XL project, stretching from Canada to the Gulf Coast, was rejected by President Barack Obama on Jan. 18 in part because of potential environmental effects in Nebraska. The project needs approval from the U.S. State Department because it crosses an international border.

“The Keystone XL project offers Americans a choice of receiving a reliable source of Canadian and U.S. oil through this pipeline system or continuing to import crude oil from unstable places such as the Middle East and Venezuela that do not share American values,” TransCanada said in the statement.

As originally envisioned, the $7.6 billion project would’ve expanded TransCanada’s existing Keystone pipeline to carry as much as 830,000 barrels a day from Canada’s oil sands and North Dakota’s Bakken Shale along a 1,661-mile (2,672-kilometer) path to Gulf Coast refineries. The scaled-back proposal covers 1,179 miles of the northern portion of the project.

TransCanada expects to start construction of this portion of Keystone XL in the first quarter and finish by as late as early 2015, the company said. It expects to begin construction as soon as June on a pipeline from Cushing, Oklahoma, to Texas refineries that was part of the original Keystone XL proposal.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

GOP: Raise Minimum Wage, Vote for Common Sense

Thursday, 23 Oct 2014 00:18 AM

Democrats in the Senate, and President Obama, have expressed support for raising the federal minimum wage from $7.25 an  . . .

Ed Royce: 'Are We Doing Enough' to Stop Terror Attacks?

Wednesday, 22 Oct 2014 22:40 PM

Rep. Ed Royce said he thinks laws will be changed in Great Britain and Canada to stop the sort of homegrown terrorist at . . .

Ebola Death Toll Rises to Almost 4,900

Wednesday, 22 Oct 2014 22:28 PM

The number of people with Ebola is set to hit 10,000 in West Africa, the World Health Organization said, as the scramble . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved