Canada column for Sunday, Jan. 29/17
THE CANADIAN REPORT
(c) By Jim Fox
As Prime Minister Justin Trudeau awaits a meeting with U.S. President Donald Trump, TransCanada Corp. is again seeking U.S approval of its proposed Keystone XL pipeline.
Former President Barack Obama rejected the multi-billion-dollar pipeline plan in 2015 but Trump has signed an executive order inviting the company to reapply.
The pipeline would carry 830,000 barrels of Alberta oil a day 1,180 miles to Nebraska where it would connect with other lines leading to refineries along the U.S. Gulf Coast.
TransCanada CEO Russ Girling said the project will help meet America’s growing energy needs and create substantial jobs and economic benefits on both sides of the border.
“We look forward to working with all stakeholders as we develop this project in the interest of both our countries,” he said.
The project has faced significant environmental opposition that is resuming.
Canada has the third largest oil reserves in the world and is the largest supplier of foreign oil to the U.S.
Trudeau congratulated Trump on his election win and invited him to visit Canada first – a tradition for incoming presidents between the world’s largest trading partners.