Tarsands Infrastructure: South/East [US] is a category that represents the many connecting and supplying pipelines and associated projects that are needed to transport fuels for the production of tar sands bitumen and to move tar sand heavy bitumen to the Lower 48 of the US for refining. This involves some massive new pipeline projects to Illinois, Wisconsin, Oklahoma, Louisiana, California, Pennsylvania, Texas and elsewhere including existing refineries in Ontario and Quebec.
Though the category is labelled "US", the proposed new projects also traverse untouched Canadian territory across Alberta, Saskatchewan and Manitoba. The names of some of the larger ones include The Alberta Clipper Project, The Spearhead Pipeline (expansion) and the Keystone Pipeline, along with other pipelines controlled by TransCanada and Enbridge, as well as Imperial Oil. Despite the massive size and scale of pipeline networks already existing through the continental United States, these pipelines and associated construction would be needed to achieve US and Canadian government goals of reaching 5 million barrels a day of tar sand oil being shipped out of the tar sands "ground zero" of Alberta.
Sunoco set up the original endowment for the Pew Foundation, now called the Pew Charitable Trusts. They also began the corporation now known as Suncor.
Sunoco currently refines bitumen in Ohio and are planning to do so soon in their home turf of Philadelphia.
Sunoco has, through either Pew family members (J Howard Pew's heirs, J Howard started Sun Oil/Sunoco) or current board members and CEO's of Sunoco, a majority of the board of trustees of the Pew Charitable Trusts to this very day.
TransCanada to issue shares to raise money to pay down debt
Argus Leader
November 24, 2008
TransCanada has announced that it will issue 30.5 million shares of common stock to raise about 41 billion Canadian, or $809 million America, to pay down short-term debt and fund its Keystone Pipeline projects.
TransCanada entered into an agreement with a syndicate of underwriters to buy shares from the company at $33 Canadian and sell them to the public in Canada and the U.S.
Midwest oil mining a crude idea to many
Minneapolis City Pages
December 3, 2008 // By Beth Walton
Some 1,500 miles northwest of Minneapolis, the luscious green boreal forests that once lined the banks of the Athabasca River have been flattened. All that's left is an empty, lonely, gray moonscape. That, and the drills.
15 undocumented workers arrested in BP raid
December 10, 2008
By Andy Grimm Post-Tribune staff writer
WHITING - Immigration authorities arrested 15 janitorial workers in an early morning raid at the BP plant.
The raid came after at two-year investigation of United Building Maintenance, a Carol Stream, Ill.,-based cleaning company that had been hired by BP. The cleaning crews had access to sensitive areas of the refinery, said Gary Hartwig, special agent-in-charge of the Immigration and Customs Enforcement's Office of Investigations in Chicago.
Great Lakes, Great Peril: Oil and Water
Little city is at center of a great debate
Pipes link the Great Lakes with massive oil reserves in friendly Alberta. They may bring jobs, energy and pollution. And it's all happening as the century of oil gives way to the century of water.
By Dan Egan of the Journal Sentinel
Posted: Dec. 6, 2008
Great Lakes-Alberta tar sands connection
Journal Sentinel
First of two parts
Superior - U.S. dependence on foreign oil conjures images of derricks pecking at Saudi Arabian sands or supertankers steaming for coastal refineries.
More time granted to comment on pipeline
Groups petitioned U.S. State Department on behalf of farmers, ranchers
Thom Gabrukiewicz • tgabrukiew@argusleader.com • December 6, 2008
People will have much more time to comment on the application for a presidential permit required to build TransCanada's proposed Keystone XL pipeline.
TransCanada shores up liquidity for Keystone
Reuters
Published: Wednesday, November 26, 2008
Despite uncertain markets, Trans-Canada Corp. closed its second big stock offering of the year Tuesday and secured a $950-million credit facility as it moved to shore up its balance sheet to cover the cost of building the $5.2-billion Keystone pipeline.
http://www.radio4all.net:8080/files/redeye@coopradio.org/91-1-shutting_d...
Program Podcast: Redeye - Co-op Radio: Shutting down the tar sands
Podcast for Program: Shutting down the tar sands
In series: Redeye - Co-op Radio
The Alberta tar sands cover a vast area of huge open pits and tailings ponds.
The environmental consequences are enormous and make a mockery of
any Canadian attempt to reduce carbon emissions under the Kyoto
Protocol. Petr Cizek is a land use planner and author. He says that a
Risk-free pipeline projects make sense
Deborah Yedlin, Calgary Herald
Published: Tuesday, November 25, 2008
In the midst of the market mayhem, something surprising happened last week; two Calgary-based pipeline companies raised almost $2 billion from the debt and equity markets.
First out of the blocks was TransCanada Pipelines, tapping the public equity markets for a total take of $1 billion priced at $33 per share. The shares closed Monday at $32.22, up 27 cents.
Oil Slow Down Will Not Stop TransCanada
Gas prices dropped another nickel in Sioux Falls Wednesday as the price for a barrel of oil fell to 56 dollars. While the falling oil prices are good news for drivers, its not so good news for oil producers in Canada. Canadian crude is more costly to produce than regular oil, so when the price goes down so do profits.
Because Canadian crude is so costly to produce the falling oil prices are slowing production in northern Alberta.
And that's why both TransCanada and Hyperion are keeping their eyes on the oil industry north of the border.
