State Department Issues Tar Sands Pipeline Permit

Law360, New York (August 21, 2009, 3:34 PM EDT) -- The U.S. Department of State has issued a permit to Enbridge Inc. for a pipeline that would bring in oil from Canada's tar sands, immediately triggering environmental groups to indicate their intent to sue to stop the project.

The State Department said Thursday that the pipeline, known as the Alberta Clipper, would advance the strategic interests of the United States, including increasing crude oil supplies from a major non-OPEC producer and shortening transportation pathways.

“Approval of the permit sends a positive economic signal, in a difficult...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.