Posts Tagged ‘TransMountain’
October 8th, 2013 at 1:08 pm
Meet the Sleazy Environmentalist Who Could Make Millions by Standing in the Way of Keystone XL

Why hasn’t the Keystone XL pipeline been built yet? After all, it would benefit the United States with tens of thousands of jobs, reduce our nation’s dependence on foreign oil, generate millions in state and local tax revenues and reduce energy costs for Americans.

A major reason seems to be the behind-the-scenes arm twisting and the very public advertising assault led by Tom Steyer. The shady billionaire and progressive campaign funder claims his opposition to Keystone XL is rooted in environmental concerns, which seems more than a little puzzling since the federal government completed an “exhaustive environmental review… with a finding that the pipeline would have limited adverse environmental impacts during construction and operation.”

In a piece I authored for The Daily Caller, I explain Steyer’s real motivation for trying to kill the pipeline.

It turns out that if Keystone XL fails, Steyer stands to make millions of dollars because of his investment in the TransMountain pipeline. Without Keystone in the way TransMountain would have a monopoly in transporting oil from Alberta to refineries and shipping terminals in the U.S. and Canada. Cha-Ching!

Oddly, Steyer has refused to criticize the TransMountain pipeline – even though TransMountain pipeline is functionally identical to Keystone.

Read the whole disgusting story of Steyer’s sleazy behavior here.