Canada is on the verge of becoming an energy superpower, according to its natural resources minister. The Canadian government is already signing trade deals and building pipelines that could help it beat the US in a race to energy hegemony, Graeber writes.
The Keystone pipeline was first proposed five years ago. A lot has changed since then and the Canadian economy is starting to ponder a future that's less coupled to the US energy market, Graeber writes. TransCanada, with its domestic pipeline proposal, is already hedging its bets on the Keystone pipeline.
With the fate of the Keystone XL pipeline up in the air, the company behind the controversial pipeline is pushing forward with a separate pipeline to refineries in Canada.
The Keystone XL pipeline cleared another hurdle towards approval late Friday as the US Department of State raised no major objections in its latest environmental review. The lengthy report says Canadian tar sands are likely to be developed, regardless of whether the US approves the Keystone XL pipeline.