The White House rejection of TransCanada Corp.s Keystone XL pipeline may hinder not help the prospects for competitor Enbridge Inc.s pipeline to send Albertas oil sands westward toward Asian markets Enbridge CEO Pat Daniel said.
His remarks reported by Reuters may complicate Republicans political message that White House denial of TransCanadas pipeline to U.S. markets is a gift to China which would benefit from energy resources President Obama is turning his back on.
Daniel said that Enbridge the biggest pipeline supplier of Canadian oil to the U.S. may see a short-term benefit from Keystones rejection but that overall its bad news. From the Reuters piece:
However he told an investment conference that Enbridge Canadas No. 2 pipeline company supports TransCanadas project and now worries that the coalition of environmental groups that opposed Keystone XL will now take aim at Enbridges Northern Gateway pipeline which would take oil sands crude from Alberta to a deepwater port in British Columbia.
To have (Keystone XL) turned down for the reasons being indicated is horrible for our industry and its a horrible precedent" Daniel said according to the Reuters report from Calgary on his Wednesday comments. Its bad in terms of future approvals. It only will embolden those opposed to Gateway and other new project developments.
The remarks come as Republicans are hammering Obama for denying TransCanadas permit for the pipeline to bring oil sands to Gulf Coast refineries alleging its a missed opportunity to create jobs and curb reliance on oil from unstable nations.
Top Republicans have frequently cited Canadas efforts to open up Asian markets in their political attacks against Obama on Keystone.
Keystones rejection will sell American energy security to the Chinese" a spokesman for House Speaker John Boehner (R-Ohio) said as word of the permit denial leaked out Wednesday.
Republicans are planning sustained attacks against Obama over Keystone.
Mitt Romney the frontrunner for the GOP presidential nomination twice hit Obama on Keystone during Thurdsay nights Republican debate in South Carolina.
Because he has to bow to the most extreme members of the environmental movement he turns down the Keystone pipeline which would bring energy and jobs to America" Romney said of Obama.
Canadian Prime Minister Stephen Harper has said that delays in the Keystone project are hastening his countrys push to find Asian buyers for Albertas oil sands.
But Harper also said earlier this week before Obamas denial of the permit that the push toward Asian markets would be occurring even if Keystone is approved.
TransCanada plans to reapply for a permit to build Keystone XL.
The White House rejection of TransCanada Corp.s Keystone XL pipeline may hinder not help the prospects for competitor Enbridge Inc.s pipeline to send Albertas oil sands westward toward Asian markets Enbridge CEO Pat Daniel said.
His remarks reported by Reuters may complicate Republicans political message that White House denial of TransCanadas pipeline to U.S. markets is a gift to China which would benefit from energy resources President Obama is turning his back on.
Daniel said that Enbridge the biggest pipeline supplier of Canadian oil to the U.S. may see a short-term benefit from Keystones rejection but that overall its bad news. From the Reuters piece:
However he told an investment conference that Enbridge Canadas No. 2 pipeline company supports TransCanadas project and now worries that the coalition of environmental groups that opposed Keystone XL will now take aim at Enbridges Northern Gateway pipeline which would take oil sands crude from Alberta to a deepwater port in British Columbia.
To have (Keystone XL) turned down for the reasons being indicated is horrible for our industry and its a horrible precedent" Daniel said according to the Reuters report from Calgary on his Wednesday comments. Its bad in terms of future approvals. It only will embolden those opposed to Gateway and other new project developments.
The remarks come as Republicans are hammering Obama for denying TransCanadas permit for the pipeline to bring oil sands to Gulf Coast refineries alleging its a missed opportunity to create jobs and curb reliance on oil from unstable nations.
Top Republicans have frequently cited Canadas efforts to open up Asian markets in their political attacks against Obama on Keystone.
Keystones rejection will sell American energy security to the Chinese" a spokesman for House Speaker John Boehner (R-Ohio) said as word of the permit denial leaked out Wednesday.
Republicans are planning sustained attacks against Obama over Keystone.
Mitt Romney the frontrunner for the GOP presidential nomination twice hit Obama on Keystone during Thurdsay nights Republican debate in South Carolina.
Because he has to bow to the most extreme members of the environmental movement he turns down the Keystone pipeline which would bring energy and jobs to America" Romney said of Obama.
Canadian Prime Minister Stephen Harper has said that delays in the Keystone project are hastening his countrys push to find Asian buyers for Albertas oil sands.
But Harper also said earlier this week before Obamas denial of the permit that the push toward Asian markets would be occurring even if Keystone is approved.
TransCanada plans to reapply for a permit to build Keystone XL.
