IT'S TAR SANDS, NOT JUST THE PIPELINE, THAT THREATEN THE
By William Boardman Email address removed"> Email address removed
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The same day that U.S. Secretary of State John Kerry was promising a "fair and transparent" review of the Keystone XL oil pipeline from Alberta, Canada, to the Texas Gulf Coast, the CEO of the company building that pipeline, TransCanada's Russ Girling, was reported as saying that his company's "Plan A" was finishing a different pipeline that would take the same tar sands oil to Canada's east coast.
"Canada's second-largest pipeline company proposes to ship oil 3,000 miles (4,825 kilometers) to the Atlantic Coast, allowing producers to send it by tanker to the Gulf, Girling said yesterday in an interview at Bloomberg's New York headquarters.
"While he expects U.S. passage of Keystone "very soon,' the East Coast route makes sense in any event because of rising production from Alberta, Girling said."
TransCanada presently has about $22 billion worth of pipeline projects underway, of which Keystone XL represents about a third of the total. Asked if an east coast pipeline was a fallback plan in case Keystone is blocked, Girling said: "It's not a Plan B, it's a Plan A, and it will go if the market supports it, along with Keystone". Once you get on tidewater, you can get anywhere, and you don't need a presidential permit to bring oil into the Gulf Coast."
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