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TransCanada Corp.’s Keystone XL pipeline
TransCanada Corp.’s Keystone XL pipeline
(Nathan VanderKlippe/The Globe and Mail)

The money and muck-tossing behind Keystone XL debate

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Lots of money to move lots of muck. That’s how to build a pipeline.

It’s also how to stop one.

In the high-stakes fight over Keystone XL, Tom Steyer, the billionaire-turned-environmental activist can toss plenty of money into the fight to persuade President Barack Obama to reject the project to send upwards of $1-million barrels of Alberta’s oil sands crude to Texas refineries. Big oil and its political allies (including in this case the Canadian and Alberta governments) aren’t short of cash either and can toss a little muck too.