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 Oil Sands 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.
The firm has filed an amended application, which makes nearly 700 changes to the route in response to concerns about environmentally sensitive areas.
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.
The decision to scrap the Carmon Creek project, said the company, was partially due to a lack of pipelines to coastal waters.
Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.
Energy regulator says it holds as much as 200 billion barrels of shale oil reserves, comparable to North Dakota’s thriving Bakken field.
More than 60 Canadian groups are urging the National Energy Board to suspend its review of TransCanada's application for its Energy East pipeline.
Ontario and Alberta agree the controversial $12bn Energy East pipeline is a “nation-building” exercise and said they'd work together on the issue.
TransCanada Corp’s key projects face increasing hurdles locally and across the border.
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 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.
Rail to fill the "void" to the West Coast
Report prepared by Deloitte & Touche shows the pipeline could also generate $10 billion in GDP just in the construction phase.
Ruling eliminates one of the last obstacles to completion of the Canadian oil-sands duct's southern leg.
It will move 1.1 million barrels of crude per day from Alberta to New Brunswick
The Prince Rupert Gas Transmission project is expected to have an initial capacity of about 2 billion cubic feet of gas per day.