Keystone XL pipeline receives support from AJC
AJC, a global Jewish advocacy group based in New York City, is urging the Obama Administration to approve the Keystone XL pipeline.
“The Keystone pipeline is important for U.S. energy security,” said AJC Executive Director David Harris. “It will contribute further to the remarkable progress already made in significantly reducing our reliance on oil from unreliable sources. It’s time to say ‘yes’ to the project.”
AJC recently submitted a statement to Secretary of State John Kerry, making the case that “the Keystone XL pipeline is in the national interest of the United States.” The AJC statement responds to the draft Supplemental Environmental Impact Statement (SEIS).
The pipeline will become part of the comprehensive, multifaceted energy policy that AJC has advocated for 40 years to substantially reduce U.S. dependence on oil from hostile or unstable foreign sources. “Canada, America’s dependable, democratic ally and neighbor, already is a solid partner on energy resources,” Harris said. “This pipeline project takes that unique bilateral relationship to the next level.”
Read more about the oil and gas industry:
The AJC statement stressed that the Keystone XL pipeline would contribute to U.S. energy security by providing increased access to Canada’s oil reserves, the second largest in the world after Saudi Arabia. Canada is already the United States’ largest trading partner, and provides oil through other pipelines. Transporting oil via pipelines is safer, more energy efficient, and more reliable than importing it through tankers from the Middle East.
President Obama had delayed approval last fall to allow for further review of environmental concerns about the pipeline project. AJC, which is deeply committed to environmental safety, notes that those concerns have been addressed by considerable changes that include decreasing the number of states the pipeline will cross, reducing the length of the pipeline, and limiting the number of surface water bodies it will cross. These details are included in the SEIS that the EPA delivered to the State Department.
“The Keystone XL pipeline presents a pathway toward securing America’s energy future that can be implemented immediately and does not rely on an act of Congress or tax-payer funded investment, while also creating much-needed jobs for Americans,” AJC emphasized in the statement to Secretary Kerry.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.