As the U.S. prepares to release an environmental review of the proposed Keystone XL pipeline, opponents are arguing that the project can’t meet a standard for carbon emissions that President Barack Obama set in June.
Keystone XL will be a “major driver” of oil sands expansion that significantly raises the risks of climate change, said Tom Steyer, a former hedge fund manager who has spent some of his fortune fighting the pipeline.
A divided U.S. Congress probably won’t agree to revamping the tax code this year, according to the head of the American Petroleum Institute, which is lobbying to protect breaks for the oil and gas industry.
The U.S. Environmental Protection Agency says TransCanada Corp. should be required to buy renewable power to run pumps along the route of its proposed Keystone XL pipeline, a measure the company said is unworkable and unnecessary.
In San Francisco, more than 1,300 miles from the proposed route of the Keystone XL oil pipeline, an agency charged with regulating air pollution from industrial plants and home heaters says the project is a threat.
Heavy oil from Alberta will be developed with or without the proposed Keystone XL pipeline, though the fuel will be delivered to market using less efficient means, Canada’s ambassador to the U.S. said.