Tuesday, August 30, 2011

Daryl Hannah Arrested at White House/Keystone XL Pipeline

http://www.youtube.com/watch?v=tkGAn4WB3BI&feature=youtube_gdata

http://www.sourcewatch.org/index.php?title=Keystone_XL_Pipeline
Excerpt:

Financing

Citigroup Global Markets Inc., Greenwich Capital Markets, Inc., J.P. Morgan Securities Inc., Banc of America Securities LLC and Barclays Capital Inc. are the largest underwriters in what appears to be the underwriting of construction of the Keystone Pipeline for ConocoPhillips of up to $400 million.[3]
TransCanada Pipeline USA Ltd on March 29, 2007 completed a $1,000,000,000 loan from Citibank. [4]

Tar sands and Koch Industries

A February 2010 SolveClimate News analysis, based on publicly available records, found that Koch Industries is responsible for close to 25 percent of the oil tar sands crude that is imported into the United States, and is positioned to benefit from Keystone. A Koch Industries operation in Calgary, Alberta, called Flint Hills Resources Canada LP, supplies about 250,000 barrels of tar sands oil a day to an oil refinery in Minnesota, also owned by the Koch brothers. Flint Hills Resources Canada also operates a crude oil terminal in Hardisty, Alberta, the starting point of the proposed Keystone XL Pipeline. The company's website says it is "among Canada's largest crude oil purchasers, shippers and exporters." Koch Industries also owns Koch Exploration Canada, L.P., an oil sands-focused exploration company also based in Calgary that acquires, develops and trades petroleum properties.[3]

Public opposition

About 750 U.S. landowners that would be affected by the project - who live along the proposed pipeline route through Nebraska, Oklahoma and Texas - have refused to allow the company, TransCanada Corp, on their land. Locals in east Texas accuse TransCanada's agents of threatening them with compulsory purchase and of dismissing their concerns about safety in case of a pipeline leak. The pipeline crosses one of the world's largest aquifers in Nebraska, which provides drinking water to eight states and irrigates about a third of the farmland in the midwest, and will also cross many lakes in Texas. Those opposed to the project will go to Washington D.C. on March 9, 2011, when the state department is due to decide whether to grant final approval for the pipeline, setting the stage for court battles over compulsory purchase and eminent domain. If the State Dept. orders additional environmental or safety reviews, it would force a delay in the construction start date, now set for the end of 2011.[4]

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