Keystone XL: 5 Years Down, How Many More to Go?

A text book case of a government dragging its heels.

| More on:
The Motley Fool

The 5-year anniversary of the Lehman Brothers collapse has garnered a lot of attention this week.  However, today marks the 5-year anniversary of an event that involves a side of the U.S. government that has acted far less swiftly than the folks who quickly fired up the printing press to ensure the global economy didn’t collapse along with Lehman.

It was 5 years ago today that TransCanada (TSX:TRP, NYSE:TRP) submitted its application to build the full Keystone XL pipeline.

To celebrate this somewhat dubious occasion, the good people at Oil Sands Fact Check have put together a rather clever infographic which demonstrates a series of significant projects that have been built in the time it has taken to get to where we are, wherever that is, in the Keystone XL approval process.

While TransCanada waits on the Keystone decision, a process that is more or less out of their control, plenty of companies are taking their destiny into their own hands.  3 such companies are profiled in our special FREE report “3 U.S. Companies That Every Canadian Should Own”.  Click here now to download this report at no charge.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool Canada’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler does not own shares in any of the companies mentioned above.  The Motley Fool does not own shares in any of the companies mentioned above. 

More on Investing

man looks surprised at investment growth
Dividend Stocks

This 6% Dividend Stock Pays Cash Every Single Month

Given its strong financial position and solid growth prospects, Whitecap appears well-equipped to reward shareholders with higher dividend yields, making…

Read more »

Dividend Stocks

1 Canadian Dividend Stock Down 33% Every Investor Should Own

A freight downturn has knocked TFI International’s stock, but its discipline and safe dividend could turn today’s dip into tomorrow’s…

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

The 7.3% Dividend Gem Every Passive-Income Investor Should Know About

Buying 1,000 shares of this TSX stock today would generate about $154 per month in passive income based on its…

Read more »

businesswoman meets with client to get loan
Dividend Stocks

A Top-Performing U.S. Stock for Canadian Investors to Buy and Hold

Berkshire Hathaway (NYSE:BRK.B) is a top U.s. stock for canadians to hold.

Read more »

Map of Canada showing connectivity
Dividend Stocks

Buy Canadian: 1 TSX Stock Set to Outperform Global Markets in 2026

Nutrien’s potash scale, global retail network, and steady fertilizer demand could make it the TSX’s quiet outperformer in 2026.

Read more »

A worker overlooks an oil refinery plant.
Energy Stocks

A Canadian Energy Stock Poised for Big Growth in 2026

Enbridge (TSX:ENB) is an oft-forgotten energy stock, but one with an excellent yield and newfound growth potential worth considering in…

Read more »

dumpsters sit outside for waste collection and trash removal
Energy Stocks

Could This Undervalued Canadian Stock Be Your Ticket to Millionaire Status

Valued at a market cap of $600 million, Aduro is a small-cap Canadian stock that offers massive upside potential in…

Read more »

Retirees sip their morning coffee outside.
Dividend Stocks

TFSA Investors: How Couples Can Earn $10,700 Per Year in Tax-Free Passive Income

Here's one interesting way that couples could earn as much as $10,700 of tax-free income inside their TFSA in 2026.

Read more »