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

stock chart
Dividend Stocks

1 TSX Dividend Stock to Consider While It’s Down 50%

This high-yielding TSX dividend stock offers substantial income and the chance to capture capital gains on a rebound.

Read more »

Forklift in a warehouse
Dividend Stocks

TFSA Investors: 1 Perfect Monthly Dividend Stock With a 4.9% Yield

This TSX dividend stock appears perfect to hold in a TFSA. It offers an appealing yield of 4.9% and pays…

Read more »

crisis concept, falling stairs
Energy Stocks

1 Canadian Dividend Stock Down 14% to Buy and Hold for Decades

This TSX energy company has increased its dividend annually for decades.

Read more »

Hand Protecting Senior Couple
Dividend Stocks

Canadians: Here’s the TFSA Amount You Need to Retire, Plus 3 Stocks to Get There

Growing a retirement-ready TFSA takes time, but these three Canadian dividend stocks could help make the journey a lot more…

Read more »

box of children's toys
Investing

1 Cheap Canadian Stock Down 63% to Buy and Hold

Spin Master (TSX:TOY) could be a deep-value stock to load up on in the second half.

Read more »

dividend growth for passive income
Energy Stocks

3 Ultra-High-Yield Energy Dividend Stocks to Buy and Hold for 2026

These energy dividend stocks offer yields of up to 7.2%, combining pipeline stability, royalty income, and producer upside for 2026.

Read more »

Nuclear power station cooling tower
Investing

Here’s My Highest Conviction Canadian Stock to Buy Right Now

ATS Corp is quietly building a nuclear and life sciences powerhouse. Here's why this TSX automation stock deserves a spot…

Read more »

dividend stocks are a good way to earn passive income
Dividend Stocks

All it Takes Is $3,000 in Telus to Generate Hundreds in Passive Income

TELUS (TSX:T) stock dangles an 11.4% yield that turns $3,000 into $341-plus yearly in passive income. New leadership could trim…

Read more »