A decision on the Keystone XL pipeline has been delayed (yet again). Below is the latest from the AFP on the news, as well as a statement sent to ValueWalk from a powerful progressive group which is hoping to thwart the pipeline.
CREDO Statement on Delay to Keystone XL Pipeline Decision
Following the news that the Obama Administration is delaying a decision on Keystone XL Pipeine, CREDO, a national progressive group working to stop the Keystone XL pipeline, released the following statement:
“It is deeply disappointing that Secretary Kerry and President Obama can’t yet muster the courage to stand up to the oil industry and reject Keystone XL,” said Elijah Zarlin, CREDO’s senior campaign manager. “Still, this is yet another defeat for TransCanada (NYSE:TRP), tar sands developers like the Koch Brothers, and oil-soaked politicians. No doubt, the nearly 100,000 people who have pledged to risk arrest to stop Keystone XL played a key role in pushing the administration to more accurately consider the full impact of this project – which must clearly result in rejection. No delays will diminish our commitment to stopping Keystone XL.”
Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More
CREDO, Rainforest Action Network, and the Other 98% have spearheaded an effort to prepare tens of thousands of people across the country to deploy a massive nationwide wave of peaceful, dignified civil disobedience if Secretary Kerry recommends approval of Keystone XL Pipeline to the president. So far, more than 95,200 people have signed the Pledge of Resistance. Read the full pledge here: http://act.credoaction.com/sign/kxl_pledge
US delays decision on Keystone pipeline project (via AFP)
The United States on Friday indefinitely extended the review process for a controversial Canada-to-US oil pipeline, potentially delaying a final decision on the project until beyond mid-term elections in November. The US State Department said eight…