Dysfunction - by Dennis McConaghy (Paperback)

About the Book

The Keystone XL pipeline was most controversial North American energy infrastructure project of our time, and its history and demise serve as a cautionary tale for Canada, a country that will remain mired in regulatory dysfunction until it finds common ground between economic value and credible carbon policy.

Book Synopsis

The Keystone XL pipeline was most controversial North American energy infrastructure project of our time, and its history and demise serve as a cautionary tale for Canada, a country that will remain mired in regulatory dysfunction until it finds common ground between economic value and credible carbon policy.

Review Quotes

...a fascinating read about the Keystone XL saga from an insider's perspective. Whether one agrees or not with his policy conclusions, the book is a tour de force in explaining dysfunctional policy decision-making that has led to the undermining of regulatory processes for resource projects in North America. Surely, we can do better.

Dysfunction offers a courageous, insider perspective on the political theatre in the United States that led to the rejection of Keystone XL and a path forward for Canada's similarly challenged, yet vital, proposed bitumen pipelines. It's a must read for those wishing to understand the complexities of Canada's oil sands industry, why it needs pipelines, and why the dysfunction that has prevailed needs to be addressed urgently and fairly by Canada's political leadership.

A blow-by-blow account of the obstacles Calgary-based TransCanada faced and overcame as it sought approval for the 1,900-kilometre line that McConaghy argues would be the safest ever built in North America.

Dennis McConaghy writes compellingly about the series of errors by corporate executives and politicians alike that led to the eventual rejection of the Keystone XL pipeline. Ultimately, Canada failed to achieve its economic interests because it failed to account for environmental interests. McConaghy suggests a better approach would be to implement an effective climate policy, based on a carbon tax, in exchange for an explicit commitment to market access. Many will question whether this trade off is workable or even desirable, but as Dysfunction documents, the failure of the status quo is beyond doubt.

There's plenty of valuable insight in a new book on the Keystone XL pipeline's death

While many will find the policy prescriptions offered by McConaghy contentious and difficult, his book presents an unparalleled opportunity to view the denouement of the Keystone XL pipeline from inside the executive suite of TransCanada.

About the Author

Dennis McConaghy is a Canadian energy executive with nearly forty years of industry experience in infrastructure development. As one of the senior executives of TransCanada Pipelines, he was directly involved in conceiving and executing the Keystone XL pipeline project. He lives in Calgary.