Tue Nov 1, 2011 7:47pm EDT
(Reuters) - President Barack Obama said on Tuesday health and economic factors would be taken into account when he decides whether to approve TransCanada Corp's Canada-to-Texas Keystone XL pipeline proposal . . .
"My general attitude is, what's best for the American people? What's best for our economy both short term and long term? But also what's best for the health of the American people?" Obama said in an interview with Nebraska television station KETV, discussing the criteria he would judge when making a final decision.
"We need to make sure that we have energy security and aren't just relying on Middle East sources, but there's a way of doing that and still making sure that the health and safety of the American people and folks in Nebraska are protected," Obama said.
"And that's how I'll be measuring these recommendations when they come to me."
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http://www.reuters.com/article/2011/11/01/us-obama-keystone-idUSTRE7A07ME20111101Revising route could kill Keystone XL: TransCanadaAs Nebraska considers the first attempt to divert the Keystone XL project, TransCanada Corp. (TRP-T42.09-0.28-0.66%) is cautioning that
any change to the pipeline’s route stands to delay its construction by as much as three years.It’s the sternest warning yet from TransCanada, which has spent 38 months battling through a lengthy environmental review process on Keystone XL. The $7-billion pipeline would carry crude from the oil sands and northern United States to refineries on the Gulf Coast, and is a major plank in industry plans for expanding Canadian oil output. TransCanada has spent $1.9-billion to secure land and equipment for the project. It has readied itself to begin construction in the new year, in the belief that the State Department will grant its blessing in December . . .
But Nebraska, where the pipe would cross a delicate ecosystem called the Sand Hills, is contemplating new rules that could dramatically unsettle TransCanada’s plans. On Tuesday, state legislators met briefly to table “Bill 1,” which would give the state authority to change the pipeline’s route . . .
Such a delay could prove difficult to recover from. Refineries that have signed long-term contracts on Keystone XL are expecting the product it carries to fill the void left by contracts for Venezuelan and Mexican crude that will expire in 2012 and 2013. If Keystone XL can’t be built quickly, those refiners may turn instead to supplies that can be brought in by tanker.
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http://www.theglobeandmail.com/globe-investor/transcanada-profit-rises-11/article2220811/http://l.yimg.com/bt/api/res/1.2/hmV33uauYRvL_l9AoMkLnQ--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD0zNTM7cT04NTt3PTUxMg--/related:
EPA Will Comment Soon On Keystone XL Pipeline: 'Concerned About Emissions And Potential Leaks'http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2196260