TransCanada gets Keystone XL approval—but there’s a catch
Nebraska regulators rejected the pipeline builders preferred route, but ok’d an alternative, handing the company a complicated victory
Nebraska's Public Service Commission cleared a path for TransCanada's proposed Keystone XL pipeline on Monday when it granted final approval in a narrow 3-2 vote for the line to pass through the state, removing a major regulatory barrier for the project. The approval, though, came with a hitch. The Commission rejected TransCanada's preferred route for the project, as well as the original one which would have passed through the ecologically sensitive Sandhills region, instead approving the "alternative mainline route". The alternative mainline route would send Keystone XL, which aims to ship 0.83m barrels a day of heavy oil from Canada's oil sands to the Gulf Coast, into counties further eas
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
