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TransCanada says to keep pushing Keystone; investors skeptical

Reuters: TransCanada Corp said on Friday it will keep pressing to build the Keystone XL oil pipeline from Canada to the United States despite the Obama administration's rejection, but skeptical investors suggested it focus on a controversial all-Canadian alternative. TransCanada is also developing the Energy East pipeline, designed to move 1.1 million barrels per day of western crude to Canada's East Coast, although it too faces opposition from environmentalists trying to halt industry expansion. "Although...

TransCanada changes tack in seeking Nebraska Keystone approval

Reuters: TransCanada Corp said on Wednesday it will seek approval from the Nebraska Public Service Commission to build its long-delayed and controversial Keystone XL crude oil pipeline route through the state. The company is also withdrawing eminent domain actions, which would force some reluctant Nebraska landowners to let TransCanada lay the pipeline across their land in exchange for payment, and terminating constitutional court proceedings relating to those actions. TransCanada spokesman Mark Cooper...

Alberta names panel that will review its climate-change policy

Reuters: The Canadian province of Alberta, the biggest source of U.S. oil imports, announced the members of its climate change policy review panel on Friday, part of its pledge to implement new rules on greenhouse gas reductions. Environment Minister Shannon Phillips said the panel would offer recommendations to the government by early November, ahead of a key United Nations climate change conference in Paris in December, but did not say when new GHG targets are likely to come into effect. The five...

Suncor oil sands project aims replace steam with radio waves

Reuters: Suncor Energy Inc has launched a pilot project to replace the high-pressure steam used to extract bitumen from oil sands with radio frequency technology developed by U.S. defence contractor Harris Corporation. Canada's largest oil and gas company, which produces 440,000 barrels per day from Alberta's oil sands, said on Tuesday that the technology could significantly reduce costs, greenhouse gas emissions and water usage. Alberta's oil sands are the world's third-largest crude reserves after Saudi...

Canada’s oil capital Calgary starts slow clean-up from floods

Reuters: Canada's oil capital, Calgary, started the slow process of cleaning up its downtown on Tuesday in the aftermath of record-breaking floods, with many business owners returning for the first time to properties they were forced to leave last week. Parts of the city's center were still without power, and most shops, hotels and businesses were closed for a fifth consecutive day. "It's kind of spooky, it's so quiet," said Calgary resident Don Usselman, a remediation technologist, as he carried hoses...

Flooding to close core of Canada’s oil capital for days

Reuters: Some residents began returning to damaged homes on Saturday after record-breaking floods in southern Alberta that killed at least three people, displaced more than 100,000 and will leave the core of Canada's oil capital, Calgary, without power for days. Communities to the south and east of Calgary were on high alert as flood waters washed across the region. And even as Calgary lifted some evacuation orders, officials warned people not to become complacent. "We have a situation across southern...