Daily Management Review

TransCanada paves a new route


02/17/2017


Energy company TransCanada has got a second chance and is asking to approve the pipeline’s route. The company is hinting that new US president, Donald Trump, wanted to get the project into shape and has already signed a decree to accelerate the process.



shannonpatrick17
shannonpatrick17
The company wasted no time and without delay sent Keystone pipeline’s route to Nebraska’s government, informing about resumption of construction. TransCanada says it is ready to get down to business and want to define a clear route and conditions of cooperation. The company also recalled that American president Donald Trump during his election campaign promised that the process would move forward.

Head of the White House was not long in coming, and signed one of the first orders aimed at resumption of long-delayed construction of Keystone XL oil pipeline. Trump explained his decision by the need to create 28 thousand new jobs for this $ 8 billion-worth project.

However, according to the State Department’s report drawn back in 2014, construction of the pipeline will require only 3 900 workers for one year. If the work is spread over two years, there will be 1 950 people, whose work will be directly associated with the pipeline construction. And after the pipeline is built, its operation will require 35 full-time workers.

The company also reminded that there is simply no time to drag feet, especially given the fact that this route was approved by the state authorities as early as 2013. However, after the US rejected the project in 2015, the company withdrew the application.

Former US President Barack Obama put a point on this issue in November 2015. He said that Washington refused to build Keystone oil pipeline from Alberta to the United States, as the project would not bring substantial benefits to the US economy and undermine "US global leadership in the fight against climate change".  New US president Donald Trump is discarding such an approach. He used to say that the US should not lose this project, and now he intends to re-negotiate certain conditions of implementation.

At the same time, the company is waiting for the route alignment and concrete actions, because numerous words turned out to be merely promises. Initially, Keystone XL’s project suggested that TransCanada will build an oil pipeline stretching 1,900 km from Alberta to refineries on the Gulf Coast.

The pipeline with assumed volume of pumped oil more than 800 thousand barrels per day had to fit into existing oil transportation system. However, the project could not be implemented due many economic and environmental disputes broke out to around it. The fanfares were so loud that Barack Obama considered it an important argument to freeze the issue.

TransCanada is arguing that Donald Trump has to leverage this process, because the company wasted too much time during Barack Obama’s office. Moreover, former Head of America redrew the entire energy market, and companies had to make operational decisions to stay afloat.

Proponents believe that construction of the pipeline will lead to emergence of related jobs in companies that supply products and services for construction. They say that State Department clearly does not take into account the fact that construction of the project would lead to creation of additional 42 thousand jobs with a total salary of $ 2 billion.

source: nytimes.com






Science & Technology

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Brexit Negotiators Of Both Parties Close Down On Irish Border Text, Reports RTE

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy