Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  TransCanada Corporation    TRP   CA89353D1078

TRANSCANADA CORPORATION (TRP)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

TransCanada : U.S. judge halts construction of Keystone XL oil pipeline

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2018 | 01:44pm CET
FILE PHOTO: A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne

(Reuters) - A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.

The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline.

The ruling is a victory for environmentalists, tribal groups and ranchers who have spent more than a decade fighting against construction of the pipeline that will carry heavy crude to Steele City, Nebraska, from Canada’s oilsands in Alberta.

U.S. District Court Judge Brian Morris' ruling late on Thursday came in a lawsuit that several environmental groups filed against the U.S. government in 2017, soon after President Donald Trump announced a presidential permit for the project.

Morris wrote in his ruling that a U.S. State Department environmental analysis "fell short of a 'hard look'" at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources.

He also ruled the analysis failed to fully review the effects of the current oil price on the pipeline's viability and did not fully model potential oil spills and offer mitigations measures.

In Thursday's ruling, Morris ordered the government to issue a more thorough environmental analysis before the project can move forward.

"The Trump administration tried to force this dirty pipeline project on the American people, but they can't ignore the threats it would pose to our clean water, our climate, and our communities," said the Sierra Club, one of the environmental groups involved in the lawsuit.

Trump supported building the pipeline, which was rejected by former President Barack Obama in 2015 on environmental concerns relating to emissions that cause climate change.

Trump, a Republican, said the project would lower consumer fuel prices, create jobs and reduce U.S. dependence on foreign oil.

(Reporting by Brendan O'Brien in Milwaukee; Editing by Christian Schmollinger)

By Brendan O'Brien

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TRANSCANADA CORPORATION
11/13TRANSCANADA : What is at stake in the Keystone XL pipeline ruling?
RE
11/13U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau
RE
11/13TRANSCANADA : expects to raise dividend at eight to 10 per cent annual rate
AQ
11/13TRANSCANADA : to Highlight Sustainable Long-term Growth at Investor Day; Dividen..
PU
11/13TransCanada to Highlight Sustainable Long-term Growth at Investor Day; Divide..
GL
11/12Canada's Goldboro LNG project to issue equity before mid-2019 FID
RE
11/12Oil pucks and pellets; Canada eyes new ways to move stranded crude
RE
11/11Oil pucks and pellets; Canada eyes new ways to move stranded crude
RE
11/10TRANSCANADA : Court Blocks Keystone Pipeline Project
DJ
11/09TRANSCANADA : Keystone XL Faces Uncertain Future After Judge Blocks Permit -- 2n..
DJ
More news
News from SeekingAlpha
11/13$1.7T fund manager criticizes Canadian energy policy 
11/13TransCanada to consider 'all-of-the-above' funding model for Keystone XL 
11/13TransCanada says timing impact unclear from Keystone XL court ruling 
11/13Muted Midstream Relief 
11/12MASTEC Q3 UPDATE : Plenty Of Pie For Everyone 
Financials (CAD)
Sales 2018 13 093 M
EBIT 2018 5 749 M
Net income 2018 3 206 M
Debt 2018 49 438 M
Yield 2018 5,40%
P/E ratio 2018 14,50
P/E ratio 2019 13,75
EV / Sales 2018 7,33x
EV / Sales 2019 6,82x
Capitalization 46 581 M
Chart TRANSCANADA CORPORATION
Duration : Period :
TransCanada Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TRANSCANADA CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 63,8  CAD
Spread / Average Target 25%
EPS Revisions
Managers
NameTitle
Russell K. Girling President, CEO & Non-Independent Director
Siim Alden Vanaselja Chairman
Donald R. Marchand CFO & Executive VP-Corporate Development
Steven Barry Jackson Independent Director
Kevin E. Benson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TRANSCANADA CORPORATION-16.66%35 169
--.--%0
--.--%0