Newmarket - Chamber Of Commerce (business helping business)

Toronto – The Ontario Chamber of Commerce and the Mowat Centre at the University of Toronto have released a new, ambitious,and transformational agenda that will enable Ontario to rise above current economic challenges. The new report, Emerging Stronger, identifies five … Continue reading →

Ottawa, January 18, 2012 - “Today’s decision denying the Keystone XL pipeline proposal deepens America’s dependence on hostile or unreliable suppliers and will cost U.S. jobs,” says Canadian Chamber of Commerce President Perrin Beatty. “Canada should continue to press for a positive decision to build Keystone, but it’s also time to diversify our energy markets.”

The U.S. State Department rejected TransCanada Pipeline’s proposal this afternoon. While TransCanada has announced its intention to apply for a permit for a modified route, today’s announcement delays a final decision until after the 2012 U.S. presidential election. The project was initially delayed after the state department postponed its decision under pressure from U.S. activist groups. The initial Keystone project was approved in 693 days, but the debate on the current project has already taken almost double this time.