The fall was driven by a flood of shale natural gas supply and renewable power increasingly displacing coal, the International Energy Agency (IEA) said.
Keystone XL Pipeline Mining News
He said the project would employ 28,000 people, with TransCanada predicting only 13,000 temporary construction jobs and the US State Department saying only 50 of them will be permanent positions.
Operating Engineers in the U.S. and Canada stand ready to build this essential piece of North American energy infrastructure.
The company has spent at least $2.5 billion on the project, whose total cost if built would be at least $10 billion due to delays and permitting costs.
The US President has signed two separate orders that advance the construction of TransCanada’s Keystone XL and Energy Transfer Partners LP’s Dakota Access oil pipelines.
The net loss also included a number of other smaller items, partially offset by an increase in revenue to $2.85 billion from $2.62 billion.
U.S. President Barack Obama’s decision to reject TransCanada Corp.’s Keystone XL project doesn’t necessarily make Canada a more risky place for energy investment.
The decision, confirmed this morning, puts an end to a seven-year saga that became one of the biggest environmental flashpoints of Obama's presidency.
If accepted, the request would keep alive the possibility that Keystone could go ahead after next year’s presidential election in the U.S.
Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.
The Association of Professional Engineers and Geoscientists of Alberta (APEGA) probe centres on the alleged mishandling of claims of natural gas pipeline violations at TransCanada by engineers working for the energy regulator (NEB).
Judges rule against landowners challenging Keystone XL's route through the state. It could speed Obama’s decision that’s been on hold.
In the Monday night episode of “The Colbert Report,” the joke was on Canada’s oil industry. That’s because the featured guest appeared to take a dig at the industry’s long-awaited, long-delayed Keystone XL pipeline project.
While most senators support the pipeline, a binding vote has not been held in the Senate under a Democratic majority since 2012.
Veto likely if passed by Congress.
The price tag for the pipeline has jumped nearly 50% during six years of delays.
The court’s ruling could force President Obama’s hand in making a final decision whether to green light the stalled project.
More oil from pipeline means more greenhouse gases.
Pipelines, however, have proven to be neither an easier nor a cheaper solution.
Decision was based on the discovery of potentially dangerous construction defects, such as bad welds.
He is first US former president to urge the current administration reject TransCanada's pipeline.
The Obama administration began preparing its final review of Keystone XL's northern segment on Monday.
Rail to fill the "void" to the West Coast
Ruling eliminates one of the last obstacles to completion of the Canadian oil-sands duct's southern leg.
Because it would trigger the expansion of the oil sands, causing carbon pollution to increase by more than 1.2 billion tonnes over its 50-year life,