Timeline Key dates in the history of the proposed Keystone XL pipeline

Timeline: Key dates in the history of the proposed Keystone XL pipeline project AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Feb 24, 2015 3:15 pm MDT U.S. President Barack Obama on Tuesday vetoed a bill that would have approved construction of the privately funded Canadian Keystone XL oil pipeline. The $8 billion project from Calgary-based TransCanada Corp. (TSX:TRP) would connect Canada’s oilsands to Gulf Coast refineries. Republicans in the U.S. indicated Tuesday they would continue to fight for the project, which was first proposed in 2008, and the Canadian government expressed confidence that approval would come eventually. Here are some key dates in the history of the Keystone XL pipeline proposal:July 2008: TransCanada Corp. (TSX:TRP) and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network, dubbed Keystone XL. The new addition is proposed to transport hundreds of thousands of barrels of oilsands bitumen from Alberta to Port Arthur, Tex. TransCanada files an official application for permission to build the project months later and environmental groups start voicing objections.2009: As the U.S. State Department wades through comments based on an environmental assessment of the project, TransCanada starts visiting landowners potentially affected by the pipeline project. Opposition to the project emerges in Nebraska.June 2009: TransCanada announces it will buy the stake that ConocoPhillips has in Keystone.March 2010: The National Energy Board approves TransCanada’s application for Keystone XL, though the green light comes with 22 conditions regarding safety, environmental protection and landowner rights.April 2010: The U.S. State Department releases a draft environmental impact statement saying Keystone XL would have a limited effect on the environment.June-July 2010: Opposition to Keystone XL begins mounting in the United States. Legislators write a letter to Secretary of State Hillary Clinton calling for greater environmental oversight; scientists begin speaking out against the project; and the Environmental Protection Agency questions the need for the pipeline extension.July 2010: The State Department extends its review of Keystone, saying federal agencies need more time to weigh in before a final environmental impact assessment can be released.March 2011: The State Department announces a further delay in its environmental assessment.Aug. 26, 2011: The State Department releases its final environmental assessment, which reiterates its findings from 2010.August-September 2011: Protesters stage a two-week campaign of civil disobedience at the White House to speak out against Keystone XL. Police arrest approximately a thousand people, including actors Margot Kidder and Daryl Hannah as well as Canadian activist Naomi Klein.Sept. 26, 2011: At a demonstration on Parliament Hill, police arrest 117 of the 400 protesters on hand.Nov. 10, 2011: The State Department says TransCanada must reroute Keystone XL to avoid an ecologically sensitive region of Nebraska. Environmental protesters had decried the pipeline for traversing the state’s Ogallala aquifer, a source of drinking water to millions on the Great Plains.Nov. 14, 2011: TransCanada says it will comply with State Department demands and reroute the pipelineDecember 2011: U.S. legislators pass a bill that contains a provision related to Keystone XL. The provision states that President Barack Obama must make a decision on the pipeline’s future in the next 60 days.Jan. 18, 2012: Obama rejects Keystone XL, saying the timeline imposed by the December bill did not leave enough time to review the new route. Obama said TransCanada was free to submit another applicationFeb. 27, 2012: TransCanada says it will build the southern leg of KeystoneXL, which runs from Cushing, Okla. to the Gulf Coast, as a separate project with a price tag of $2.3 billion. The southern portion of the pipeline was not subject to presidential permission, since it did not cross an international border.April 18, 2012: TransCanada submits a new route to officials in Nebraska for approval.May 4, 2012: TransCanada files a new application with the State Department for the northern part of Keystone XL.Jan. 22, 2013: Nebraska Governor Dave Heineman approves TransCanada’s proposed new route for Keystone XL, sending the project back to the State Department for review.January 2013: Pipeline opponents file a lawsuit against the Nebraska government claiming the state law used to review the new route is unconstitutional because it doesn’t allow for judicial review or spell out what criteria should be considered when evaluating a pipeline project. The Nebraska government contested the suit.Feb. 19, 2014: A Nebraska judge ruled that the law that allowed the state governor to approve Keystone XL over the objections of landowners was unconstitutional. Nebraska said it would appeal the ruling.April 18, 2014: The State Department suspends the regulatory process indefinitely, citing uncertainty about the court case in Nebraska.November-December 2014: Midterm elections turn control of the U.S. Congress over to Republicans, who say they’ll make acceptance of Keystone XL a top priority. But Obama adopts an increasingly negative tone on the issue.Jan. 9, 2015: At Nebraska Supreme Court, by the narrowest of margins, a panel of seven judges strikes down a lower-court decision that a state law approving the pipeline route was adopted by unconstitutional methods.Jan. 29, 2015: The U.S. Senate approves a bill to build Keystone XL, but the victory is expected to be shortlived as the White House has signalled that Obama plans to veto the bill when it lands on his desk.Feb. 24, 2015: Obama vetoes bill that would have approved construction of Keystone XL oil pipeline. read more

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (14,450.69, down 52.98 points):Newmarket Gold Inc. (TSX:NMI). Miner. Up five cents, or 1.19 per cent, to $4.25 on 36.9-million shares.Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down 13 cents, or 6.53 per cent, to $1.86 on 28.9-million shares.Teranga Gold Corp. (TSX:TGZ). Miner. Down four cents, or 2.94 per cent, to $1.32 on 25.9-million shares.Spartan Energy Corp. (TSX:SPE). Oil and gas. Down seven cents, or 2.13 per cent, to $3.21 on 14.9-million shares.Argonaut Gold Inc. (TSX:AR). Miner. Down 18 cents, or 4.69 per cent, to $3.66 on 12.8-million shares.Centerra Gold Inc. (TSX:CG). Miner. Up 25 cents, or 3.50 per cent, to $7.39 on 12.3-million shares.Companies reporting major news:BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Up nine cents, or 7.26 per cent, to $1.33 on 696,848 shares. The developer of a multi-billion dollar oilsands project says approval announced Thursday by the Alberta government is critical to raising money or finding a partner with deep pockets to go ahead with construction. CEO John Festival of BlackPearl Resources says he is relieved after receiving official endorsement for the 80,000-barrel-per-day Blackrod project more than four years after filing an application in May 2012. Analysts estimate the first 20,000-barrel-per-day phase at Blackrod will cost about $800 million to build and Festival says that number is in the ballpark. Detailed estimates will come if the project is approved in future. by The Canadian Press Posted Sep 16, 2016 3:05 pm MDT Last Updated Sep 16, 2016 at 4:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Most actively traded companies on the TSX read more