Energy East Pipe Dream is new target for anti-Keystone XL group
Financial Post’s Claudia Cattaneo; NGP file photo by Dave Harbour
Jul 26 2016, 10:58 ET | By: Carl Surran, SA News Editor ![]()
Climate change plans from Alberta’s and Canada’s governments are failing to moderate anti-pipeline campaigns, as the Natural Resources Defense Council – which led the assault against Keystone XL – now is firing its guns against TransCanada’s (TRP -0.6%) proposed Energy East pipeline.
The NRDC is launching a new focus that calls on Pres. Obama to ban tar sands tankers associated with Energy East as a way to secure his environmental legacy; in its campaign against Keystone, the group played up the climate change impacts of oil sands production, and it was on that basis that Obama rejected the project last November.
“With climate change policy under its belt, it’s obvious the group needed to conquer and make money off a new dragon,” writes Financial Post‘s Claudia Cattaneo.
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Note to investors deciding on whether to risk money on oil and gas projects now, thinking prices have bottomed:
Our anonymous, Mid Atlantic energy analyst friend observes today that, “Energy consumption is directly correlated to GDP expansion/contraction, and the picture going forward is restrained, at best.” (See our 7-22-16 Commentary). -dh
Note: Alaska’s Democrats voted to support a socialist for president.
Note: Alaska’s Governor is left leaning and was elected with Democrat party support.
Note: anyone who thinks a Democrat is simply for being ‘liberal’ needs to understand that the socialists’ primary focus is on controlling the means, transportation and distribution of energy production, among other things. The assault on free enterprise continues through this election cycle.
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