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TransCanada Corp puts Nebraska land buy on hold for pipeline suit
Posted by Bloomberg: Andrew Harris on February 13th, 2015
Bloomberg: TransCanada Corp. agreed to delay acquiring Nebraska land to build its planned Keystone XL pipeline while it grapples with dozens of landowners who claim the law that lets the company appropriate their property is invalid. The agreement announced Thursday in state court in O’Neill, Nebraska, comes the day after the Republican-led U.S. Congress passed legislation approving the pipeline project in the face of a near-certain veto by Democratic President Barack Obama. Once the accord is signed by Judge...
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Colorado City Sued by Oil Industry Group for Fracking Ban
Posted by Bloomberg: Andrew Harris on December 18th, 2012
Bloomberg: The Colorado Oil & Gas Association sued the city of Longmont to overturn a voter-approved ban on the use of hydraulic fracturing, or fracking, to extract oil and gas from sand and shale formations.
The industry group, in a complaint filed yesterday in state court in Greeley, Colorado, claims the resolution deprives land owners of property-development rights and conflicts with state law allowing the practice.
“The hydraulic fracturing ban in Longmont effectively stops oil and gas development,”...