Tuesday, July 29th33.2°C
22568
21755

Saskatchewan government 'deeply concerned' over delay in Keystone decision

REGINA - Saskatchewan Premier Brad Wall says the latest delay in a decision on the proposed Keystone XL pipeline is a major blow to Canada's energy industry.

The U.S. State Department announced last week that it wants to give federal agencies more time to review the $5.4-billion proposal by Calgary-based TransCanada (TSX:TRP).

TransCanada had hoped a legal dispute over the pipeline's route in Nebraska would not further hold up a decision at the federal level.

Wall says he is deeply concerned and calls the delay a major disappointment.

He points out the pipeline has already passed the State Department’s own environmental impact assessment.

The 2,700-kilometre line would move bitumen from Alberta's oilsands to refineries on the Gulf Coast of Texas.

“The Keystone XL pipeline has been studied long and hard," Wall said in a release Monday. "The pipeline will create thousands of jobs on both sides of the border, offers a safe and efficient method of moving large volumes of oil, and, according to the State Department, will not contribute to a net increase in greenhouse gas emissions.

"This delay represents a major blow to the energy industry in Saskatchewan and in Canada and will place unnecessary strain on relations with our largest trading partner.”

A portion of the Keystone pipeline would run through Saskatchewan.

Wall said approval of the Keystone project is critical to the successful transport of other commodities in his province.

“Saskatchewan grain, potash, and other commodities suffer every day the Keystone XL pipeline is not being built,” Wall said. “The United States needs to quit wavering and make a decision based on the facts, which support the construction of Keystone.

"These politically motivated decisions are hurting the Saskatchewan economy, the U.S. economy and our ability to develop new markets and support North America energy sustainability.”

The Canadian Press


Read more Business News

22439


Recent Trending




Today's Market
S&P TSX15446.55+1.33
S&P CDNX1016.50-3.35
DJIA16912.11-70.48
Nasdaq4442.698-2.211
S&P 5001969.95-8.96
CDN Dollar0.9213-0.0004
Gold1310.00+6.70
Oil100.88-0.09
Lumber322.20-0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.185-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.20+0.05
Cantex0.085+0.02
Anavex Life Sciences0.2675+0.0025
Metalex Ventures0.085+0.005
Russel Metals35.29+0.14
Copper Mountain Mining2.86-0.11
Colorado Resources0.2250.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.155-0.035

 



22563

FEATURED Property
178914315542 Whiskey Cove Road, Lake Country, BC
3 bedrooms 3 baths
$1,595,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22707