Problematic Pipelines: The many obstacles facing Keystone XL
by Tim Donaghy
February 14, 2018
A new investor briefing outlines the many legal and political hurdles still facing TransCanada in its quest to build the Keystone XL pipeline.
Download the full investor briefing here.
There are compelling reasons to question whether TransCanada Corporation should proceed with Keystone XL in the midst of federal and state legal challenges to permits, and escalating Indigenous and landowner opposition; in the absence of a Supplemental Environmental Impact Statement for the newly approved alternative pipeline route; and given the potentially changed political landscape in 2020. This briefing outlines various obstacles facing the construction and commercially viable operation of Keystone XL. We suggest questions institutional financiers may wish to ask TransCanada.
This is the latest in a series of investor briefings and reports prepared by Greenpeace, which are available online here. The financial and reputation risks associated with tar sands pipelines were discussed in a previous investor briefing and a full-length report, In the Pipeline.