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ARTICLE · 08 DECEMBER 2011

Energy @ Gowlings December 5, 2011 - Volume 9, Number 8

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The Keystone XL Project (the "Project") proposed by TransCanada Corporation ("TransCanada") is centre- stage in the effort of Canada’s oil and gas industry to expand export access to foreign markets.

CanadaEnergy and Natural Resources
Ethan Sinclair
Ethan Sinclair
Amanda Cohen
Amanda Cohen
Neeta Sahadev
Neeta Sahadev
Thomas Timmins
Thomas Timmins
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Edited by Paul Harricks

TRANSCANADA'S KEYSTONE XL PIPELINE: AN UPDATE

By: Ethan Sinclair

BACKGROUND

The Keystone XL Project (the "Project") proposed by TransCanada Corporation ("TransCanada") is centre- stage in the effort of Canada's oil and gas industry to expand export access to foreign markets.  The Project would have the capacity to deliver up to 830,000 barrels per day ("bpd") of diluted bitumen from Hardisty, Alberta through Cushing, Oklahoma to Houston and Port Arthur, Texas. TransCanada has received the necessary approvals for the Project from Canada's National Energy Board, but approval from the U.S. Department of State ("DOS"), in the form of a Presidential Permit, to build and operate the Project has been significantly delayed, in large part due to public concerns relating to potential environmental impacts of the Project. To date, the response to the Project in Washington is mixed, with various American lawmakers voicing strong support

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