News

Embattled Keystone XL pipeline continues to divide experts — even post-mortem

Embattled Keystone XL pipeline continues to divide experts — even post-mortem
Business
While some suggest TC Energy Corp.’s cancellation of the project won’t impact global emissions, others says it’s a significant step in the fight against climate change.

Dennis McConaghy, a retired oilpatch executive, calls the company’s termination of the pipeline a capitulation to the environmental movement.

The former TransCanada executive says the death of the project hurts Canada’s energy sector, but won’t change global carbon emissions, noting that U.S. Gulf Coast refineries will instead source heavy oil from other countries that have lower environmental standards.

But Chris Severson-Baker, the Pembina Institute’s regional director for Alberta, says demand for fossil fuels is expected to wane as more action is taken to address climate change.

He says this will increasingly diminish the need for more pipeline capacity such as Keystone XL, which would have carried diluted bitumen from Alberta to U.S. refineries.
Read more on Toronto Star
News Topics :
Similar Articles :
Business
US President Donald Trump speaks before signing an executive order in the Oval Office on Jan. 24, 2017. US President Donald Trump signed executive orders reviving the construction of the...
Top Stories
The U.S. Environmental Protection Agency says the long delayed Keystone XL pipeline would significantly increase the greenhouse gas emissions from the oil sands, a key test President Barack Obama has set in...
Canada
The executive orders effectively give TransCanada the green light to reapply to build the pipeline extension. Trump’s predecessor Barack Obama killed the proposed pipeline in late 2015, saying it would hurt American efforts...
World
Keystone XL backers failed Wednesday in effort to override President Barack Obamas veto of Congresss attempt to approve the controversial Canadian crude oil export pipeline. The 62 37 vote fell five...
Canada
White House spokesperson Sean Spicer said on Tuesday that President Donald Trump wants to re start the process on building the Keystone XL pipeline as soon as possible. The fact...