Saturday, June 21, 2014

Canadian Northern Gateway Pipeline

Canada's federal government approved the C$6.5 billion ($6 billion), 1,200km (730-mile) Northern Gateway pipeline to take 525,000 barrels a day of bitumen to Kitimat, on the Pacific coast of British Columbia (BC), for shipment to Asia. Less expected was the tone and format of the announcement, a lukewarm five-paragraph news release.

They finally figured out that Obama sees everything through a political lens, and making a decision either way on the Keystone pipeline has political cost, so he wasn't going to make one. The understatement of the announcement was just in case they were wrong.