OIL AND GAS:
House approves bill to fast-track pipeline permitting
The House today approved legislation 252-165 that would fast-track natural gas pipeline permitting approvals at the Federal Energy Regulatory Commission.
Twenty-six Democrats, including Reps. Nick Rahall of West Virginia and Collin Peterson of Minnesota, joined a united GOP conference in support of H.R. 1900, sponsored by Rep. Mike Pompeo (R-Kan.). The bill is the final of three energy measures that House Republicans called up before leaving the Capitol for Thanksgiving recess, and all three are expected to stall in the Democratic-controlled Senate.
OIL AND GAS:
GOP advances bill that would fast-track pipelines
Two Democrats today joined the GOP in advancing legislation through the House Energy and Commerce Committee that would cut short the review process for cross-border North American energy infrastructure projects such as Keystone XL.
The 19-10 subcommittee vote in favor of H.R. 3301, sponsored by Energy and Commerce Chairman Fred Upton (R-Mich.) and Rep. Gene Green (D-Texas), came after several Democrats blasted the bill for excluding environmental and safety factors from the approval process that now exists for fuel pipelines and transmission lines that link the United States with its continental neighbors.
Replacing water and gas infrastructure along pipeline route a better investment -- report
Replacing aging water and natural gas infrastructure in the five states crossed by the complete Keystone XL project would create about 1.5 times as many jobs as the pipeline itself for every $1 billion spent, according to a report set for release today by environmental-minded nonprofits representing economists and labor.
Co-authored by the Economics for Equity & Environment (E3) Network and the Labor Network for Sustainability, the report puts a new spin on the long-running debate over KXL's job-creation potential -- what supporters view as an overwhelming argument for its approval and what critics characterize as an overhyped talking point.
JPMorgan moving heavy Canadian crude to the Gulf
Since the beginning of the year, with the Keystone XL pipeline mired in political wrangling, an EnergyWire analysis of federal import data shows that five companies -- including the beleaguered, for-sale commodities arm of JPMorgan Chase and Co. -- have successfully moved heavy Canadian crude directly to the Gulf Coast.