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Canada Using U.S. Gov't Shutdown to Advance Campaign for Keystone XL, Steyer Suggests

2013-10-05 14:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Toronto Star: Four days into the U.S. government shutdown, the Blame Canada meme popped up Friday with suggestions Ottawa may be meddling in Washingtons fiscal nightmare to advance its perennial quest for a new oil pipeline. The inference came in a letter to Prime Minister Stephen Harper from Tom Steyer, the San Francisco hedge fund billionaire and vocal opponent of Trans Canada Corp.s Keystone XL project. Specifically, Steyer wants to know more about a possible Canadian role in the placement of approval...

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Thousands Draw the Line Protesting the Keystone XL Pipeline

2013-09-23 15:34:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Thousands of people in hundreds of places across the U.S. joined together on Saturday in protest of the Keystone XL pipeline and dirty tar sands oil. Organized by 350.org, the nationwide action, Draw the Line, sent a strong message to President Obama that Americans want him to reject the Keystone XL. According to 350.org, 350 Seattle had more than a thousand people draw the line between the Puget Sound and the train tracks that could lead to exporting an inflated fossil fuel dependency. In Texas,...

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Axiata's Q2 profit slips 8% on XL, forex

2013-09-02 02:15:00| Telecompaper Headlines

(Telecompaper) Asian mobile operator group Axiata posted a profit after tax of MYR 707 million for the second quarter, down 8 percent from MYR 769 million in the year-ago quarter. mainly from lower profit contribution from operations in Indonesia (XL) and higher foreign exchange losses. Revenues went up 4.8 percent to MYR 4.63 billion from MYR 4.42 billion, driven by contributions from Celcom, Robi, and Smart. Operating costs of the group increased by 11.7 percent to MYR 2.77 billion in Q2, mainly driven by Celcom, XL and Robi. As a result, group EBITDA decreased by 3.9 percent to MYR 1.86 billion, and the margin dipped by 3.6 percentage points to 40.3 percent. The group ended the quarter with 229.6 million subscribers across the group, up 11.5 percent year-on-year. Axiata reiterated FY 2013 guidance for revenue growth of 7.6 percent and EBITDA growth of 0.2 percent.

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Another Delay for Keystone XL Decision

2013-08-26 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: A decision on the controversial and much-delayed oil sands pipeline to the U.S. Gulf Coast could be pushed into 2014 as a U.S. watchdog examines whether contracts tied to the Keystone XL review process were wrongfully awarded and regulatory safeguards fully adopted. The U.S. State Department's Office of Inspector General (OIG) is holding an inquiry into whether it was appropriate for the government to hire Environmental Resources Management, a private contractor selected to conduct an environmental...

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Canadian Documents Suggest Shift on Keystone XL

2013-08-26 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Ever since President Obama said in June that a litmus test for the proposed Keystone XL oil pipeline from Canada was whether it would significantly worsen global warming, Canadian government officials have insisted it would not. They reasoned that because the pipeline would not have any major effect on rate of development of Canadas oil sands, as a State Department environmental review concluded in March, it would not significantly raise the amount of carbon emitted. But documents obtained by...

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