An empire’s ‘Plan B:' Proposal would cut US out of Keystone XL project
From my hometown newspaper:
http://www.thedickinsonpress.com/content/empires-plan-b-proposal-would-cut-us-out-keystone-xl-project
Just read this. Haven't heard anything about this until now. Sorry if its a repost.
Canada has their own Koch Family apparently. They also own a chunk of the Media. Similarities are there.
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SAINT JOHN, New Brunswick — Keystone XL, a pipeline proposal to pump Canadian oil sands through the heart of America, has alarmed environmentalists and become one of the most contentious issues of the Obama presidency. But there is a “Plan B” to cut the United States out of the picture, and it is championed by one of Canada’s wealthiest business dynasties.
“The genesis of this is really the Keystone XL pipeline, and the continuing political obstacles to getting approval for it,” said Frank McKenna, former New Brunswick premier, Irving family friend and vocal advocate of the project.
---The Energy East proposal began with the Irvings, people familiar with the project say. If it is built, it will stop with them, too, at a Canadian $300 million marine terminal they are planning to build in Saint John, New Brunswick, to service the project.
Meet The Irvings:
The Irvings also would be among the top beneficiaries. A study commissioned by TransCanada and prepared by Deloitte calculated that the pipeline’s access to cheaper crude from the west would save as much as Canadian $1.2 billion per year for a refinery owned by the Irvings, while creating 121 direct long-term jobs in sparsely populated New Brunswick.
---According to Leonard and others at the meeting, Mike Ashar, at the time the CEO of Irving Oil, outlined how a pipeline east across Canada to Saint John could help get Alberta’s oil efficiently to the world market, paving the way for higher prices and the potential for expanded production.
Ashar said the pipeline could provide a reason to build Canada’s first oil sands upgrader — a facility that processes tar sands into a product that can be more easily refined into gasoline, diesel and other fuels — on the Atlantic coast. There, lower labor costs and easy access to imports could reduce the facility’s multi-billion dollar price tag by 40 percent, according to an attendee who asked not to be named.
The need for a new route for Canada’s oil was acute, said industry experts. When the United States delayed the Keystone XL, Canadian supply mounted and prices dropped. The Canadian Imperial Bank of Commerce estimated the glut and lack of pipeline capacity had cost Canada Canadian $25 billion in oil revenues in 2012.
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This is a most interesting read & offers much insight as to just 'WHO Are the IRVINGS?'. And how the new proposal will benefit them immensely.
Either it is a game changer for KXL-USA or a push to the US to get the pipeline shoved through Nebraska once & for all.
But where billions are to be made, the Irving dynasty from Canada certainly has a plan.
The last paragraph goes on to state, "“If we can get a million barrels a day coming to the East coast, it takes some of the stranglehold away that the U.S. market has on us,” he said. “Let’s face it, for Canada, developing our raw materials in our own country is probably in our best interests.”
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