On Friday Barack Obama refused to issue a presidential permit allowing TCPL’s Keystone XL pipeline to cross the border between Canada and the United States.
POTUS
Obama rejected KXL because it wouldn’t meaningfully contribute to the economy, reduce gas prices or enhance America’s energy security. He described the urgent need to transition to a clean energy economy and while he didn’t say it, it’s easier to kill a project that doesn’t exist than one that does.
TCPL’s response to Obama’s decision was slightly (but not much) more nuanced than Steven Harper’s “no brainer” comment. CEO Russ Girling said: “Today, misplaced (Read more…)