Keystone XL North: TransCanada’s Controversial Shale Gas Export Pipeline Plan
The battle continues over the future of TransCanada’s Keystone XL tar sands pipeline, with the Tar Sands Blockade continuing and a large forthcoming President’s Day anti-Keystone XL rally set to take place in Washington, DC.
In a nutshell: Keystone XL, if approved by the U.S. State Department, will carry viscous and dirty tar sands crude – also known as diluted bitumen or “dilbit” – from Alberta, Canada down to Port Arthur, TX. From Port Arthur, the tar sands crude will be exported to the global market.
Muddying the waters on the decision is the fact that The Calgary Herald recently revealed that prospective Secretary of State, John Kerry, has financial investments in two tar sands corporations: Suncor and Cenovus. Kerry has $750,000 invested in Suncor and another $31,000 invested in Cenovus.
Which of course all begs the question: Is this another episode of State Department Oil Services all over again?
North America’s Shale Gas Industry’s Keystone XL
North of the border, TransCanada is proposing another export pipeline for the shale gas industry.
Dubbed the Prince Rupert Gas Transmission project, the $5.1 billion project will carry gas obtained via the controversial fracking process from the Montney Shale basin westward to the coast of British Columbia. From there, the gas will be exported in the form of liquefied natural gas (LNG) to Asia starting in 2018.