Alberta Oil - - CONTENTS -

A Cana­dian car­bon-pric­ing time­line; Pres­i­dent Trump’s Key­stone co­nun­drum; and a one-on-one with Cana­dian Elec­tric­ity As­so­ci­a­tion CEO Ser­gio Marchi


Pres­i­dent-elect Don­ald Trump says he would tax from the prof­its of a re­vived Key­stone XL pipe­line when he takes of­fice next month. “Twenty-five per­cent of the prof­its—for­ever” is how he de­scribed, in Jan­uary, what is es­sen­tially his price of ad­mis­sion should Tran­sCanada want to re­visit the years of per­mit­ting ap­pli­ca­tions re­quired for its ini­tial bids un­der Pres­i­dent Barack Obama. While Trump is de­cid­edly pro-Key­stone XL, his legally du­bi­ous prof­ittak­ing plan is part of his stated strat­egy for “Amer­i­can en­ergy dom­i­nance,” as out­lined dur­ing his pres­i­den­tial cam­paign. The plan ap­pears to ig­nore the fact that a sub­stan­tial pro­por­tion of the oil that was to travel the com­pleted Key­stone XL was Amer­i­can crude from the Bakken, in ad­di­tion to oil from the Cana­dian oil sands. Tran­sCanada has in­di­cated that it re­mains com­mit­ted to tak­ing up the Key­stone cause with the new Repub­li­can pres­i­dent, and the pipe­line has been cause for re­newed dis­cus­sion within the en­ergy in­dus­try on both sides of the bor­der. On the morn­ing af­ter Trump’s elec­tion win, for­mer U.S. am­bas­sador to Canada David Wilkins told a Toronto talk ra­dio host “I think the light just went from red to green for Key­stone.”

Don­ald Trump’s vic­tory could be bit­ter­sweet for Key­stone XL hopes

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.