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Canadian Oil Likely an Early Item on the Agenda for the New US Congress – The Epoch Times

Canadian Oil Likely an Early Item on the Agenda for the New US Congress – The Epoch Times.

WASHINGTON—Canada’s stalled Keystone XL pipeline project is poised to become one of the first orders of business in the new U.S. Congress, where Tuesday’s Republican romp could end up impacting several cross-border industries.

There are hopes in Ottawa that the midterm results could spur movement on the controversial Canada-U.S. bitumen pipeline, as well as major free-trade negotiations and perhaps even meat-labelling rules that have hurt Canada.

Virtually every Republican asked about post-election plans has already mentioned Keystone XL as a top priority for the next Congress, a development that would be as detested by the environmental movement as it would be celebrated by oil industry supporters.

One of the biggest pipeline-boosters is Mitch McConnell—the next Senate majority leader and, arguably, now the most powerful member of the U.S. Congress.

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Kinder Morgan Canada pipeline plans hits a mountain of opposition | Business | Reuters

Kinder Morgan Canada pipeline plans hits a mountain of opposition | Business | Reuters.

VANCOUVER (Reuters) – A Western Canadian pipeline once seen as the best near-term hope for sending more of the country’s controversial tar sands crude to Asia has hit another snag: aboriginal communities intent on using the courts to block the proposed expansion.

Kinder Morgan Energy Partners’ (KMP.N:Quote) C$5.4 billion ($4.8 billion) Trans Mountain expansion would twin a 60-year-old line running from the oil-rich province of Alberta to the coastal city of Vancouver, tripling its capacity.

The pipeline expansion had been seen as sure bet because it uses an existing route. But a surge in municipal opposition in recent months has fueled industry worries that it will enter legal and regulatory limbo along with the unbuilt TransCanada Corp (TRP.TO: Quote) Keystone XL and Enbridge Inc (ENB.TO: Quote) Northern Gateway pipelines.

The odds against the expansion are growing. Aboriginal communities along the route, angered by a consultation process they call unfair, are strategizing as a group on legal tactics they hope will stop the project dead.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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