Keystone XL delays may cost contractors $2.5 billion: TransCanada

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Keystone XL delays may cost contractors $2.5 billion: TransCanada
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TransCanada also continues to wait on a decision from the Nebraska Supreme Court on a challenge to its route through the state

CALGARY — TransCanada Corp. has asked the U.S. Ninth Circuit Court of Appeals to lift an injunction on its Keystone XL pipeline by the end of this week, as it approaches an internal deadline to begin construction this year on the US$8-billion project.

Up until that point, Calgary had mowed 1,500 acres in the U.S. to prepare the pipeline right-of-way, begun constructing three work camps and had prepared 11 of 14 pipe yards. The company had to lay off 650 workers on the project when the Montana court decision came down. It requests that the injunction “should be stayed in its entirety, or at least insofar as it prohibits pre-construction and construction of the pipeline outside of Nebraska.

He also said the company continues to wait on a decision from the Nebraska Supreme Court on a challenge to its route through the state. Investment in the Canadian oil and gas sector is expected to decline by five to 10 per cent this year, and mark a fifth consecutive year of investment declines in the oilsands, said Canadian Association of Petroleum Producers vice-president, oilsands and fiscal and economic policy Ben Brunnen.

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