11 November 2011 20:45 [Source: ICIS news]
WASHINGTON (ICIS)--The ?xml:namespace>
Charles Drevna, president of the National Petrochemical & Refiners Association (NPRA), said he could not say whether the project leader, Canadian energy firm TransCanada, might now abandon the multi-billion dollar plan.
“One thing I can guarantee, though, is that
In an announcement on Thursday, the US Department of State (DOS) said it had decided that additional studies were needed before it could give final approval to the 2,800-mile project.
The department had earlier issued an environmental impact statement (EIS) approving the project, and a final go-ahead was expected before the end of this year. But the department said on Thursday it did not expect that its new review of the project would be completed before the end of the first quarter of 2013.
In the meantime, however, TransCanada and other Canadian firms that are heavily invested in the
Canadian pipeline firm Enbridge has already proposed building a separate pipeline, called the Northern Gateway, to move the
Drevna said if over the next year or so
“If that scenario plays out, then that’s the end of the Keystone pipeline,” he said.
“If that assumption is correct – that the Canadians get buyers for most if not all of the
Drevna said NPRA was greatly disappointed in the department’s decision because “a lot of our members were counting on it a whole heck of a lot," referring to the pipeline project and the crude oil feedstock that it would have delivered to US refiners.
He accused the administration of President Barack Obama of substituting political science for real science, contending that the White House purposely postponed a decision on the pipeline until after the November 2012 national elections to avoid alienating the president’s environmental constituents.
“It is one thing to have an administration like this one that is anti-oil and anti-natural gas and refining, but to turn their backs on the American consumers and workers is just unconscionable,” he said.
Construction, operation and maintenance of the Keystone XL pipeline was expected to create tens of thousands of jobs in the
The environmental group Friends of the Earth (FOE) said in statements that they also think the additional one-year delay in the Keystone project could bring an end to the undertaking altogether.
FOE spokesperson Kim Huynh hailed the department’s decision as a “game-changer”, saying that the delay “will potentially end this dirty and dangerous tar sands pipeline”.
FOE president Erich Pica said the State Department’s delay “is a major accomplishment for the climate movement”.
“Hopefully the announcement [of the delay] will halt TransCanada’s pursuit of this pipeline,” Pica added.
($1 = €0.74)
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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