TransCanada Corp. to begin construction of
Keystone pipeline
By Andrew Restuccia - 02/27/12 11:59 AM ET
TransCanada
Corp. said Monday it plans to begin building a major portion of the Keystone XL
oil sands pipeline despite the Obama administration's decision to reject a key
permit for the project.
The
company told the State Department in a letter Monday that it will begin
construction of a section of the pipeline that runs from Cushing, Okla., to
refineries on the Gulf Coast. The stand-alone portion of the project, which
TransCanada dubbed the Gulf Coast Project, will cost $2.3 billion and will be
completed in mid-to-late 2013, according to the company. The project must still
receive other regulatory approvals.
Separately,
TransCanada said it would reapply "in the near future" for a permit
that would allow the Keystone XL pipeline to cross from Alberta, Canada, into
the United States.
The
Oklahoma-to-Texas portion of the pipeline would carry crude oil pumped from
land in the Midwest and surrounding areas to refineries in Texas. It would not
carry Canadian oil sands. . . . go to The Hill for the full article
Editor's notes: after all the huffing and puffing by the Obama Administration, TransCanada Corp (pronounced "core" for all you Democrat readers), has determined that Obama is no longer a relevant political figure. They do not need to get approval to build on already approved right-of-way property. The only permit required to complete a pipeline from Canada to the Gulf is one that takes the transcontinental pipeline across the Canadian/American border.
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