Tags: keystone | pipeline | oil | canada

TransCanada CEO: Relying Only on Keystone Pipeline Would Be 'Risky'

Monday, 24 Mar 2014 08:07 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The United States' years-long delay in approving the Keystone XL oil pipeline has forced the company that wants to build it to realize it shouldn't rely on a single outlet.

Russ Girling, president and CEO of TransCanada, the Canadian company seeking to build the pipeline from the U.S. border with Canada to the Gulf of Mexico, said his firm hasn't given up on seeing the pipeline built.

Appearing Monday on Fox Business Network's "Cavuto," Girling reiterated what he has said for years: The primary reason for the Keystone pipeline was to build a secure source from the world's second-largest supply source to the world's largest refining source. That continues to be the major reason, he told host Neil Cavuto.

"As production continues to grow in North America we want to be able to feed that to markets right here on the continent," Girling said.

The U.S. government has delayed approval of the pipleline over environmental concerns since 2010. Republicans and labor unions have joined in urging President Barack Obama to OK the pipeline to grow jobs and increase American energy independence.

Girling said the environmental concerns have been addressed.

"We now have 59 conditions on the pipeline that will make it the safest pipeline ever built," he said.

Girling has said previously that he believes the pipeline will eventually be built, but told Cavuto that, in the meantime, TransCanada is finding other routes to export its oil as demand has been growing.

Waiting for the United States to approve the project has proved a "risky proposition," Girling said, and has forced TransCanada to seek alternatives. A refinery has been built in east Canada and other export points have been added to get oil to Asian markets.

The United States and Canada have perhaps the best trade relationship in the world, Girling said, but wondered, "Does this change that perspective? Is Canada no longer an important supplier of energy to the United States?"

Related Stories:






© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Joe Scarborough Denies Lobbying Hard for 'Meet the Press' Job

Thursday, 24 Jul 2014 23:07 PM

MSNBC's Joe Scarborough denied reports Thursday that he and his Morning Joe co-host Mika Brzezinski have been "aggress . . .

Laura Ingraham: Rand Paul Closest to Americans on Foreign Policy

Thursday, 24 Jul 2014 21:43 PM

Kentucky Sen. Rand Paul, accused of being an isolationist by some fellow Republicans, is actually more in step with the  . . .

Legal Analyst Coffey: Ariz. Execution Won't Affect Death Penalty

Thursday, 24 Jul 2014 20:22 PM

Don't expect Arizona's controversial execution of Joseph Rudolph Wood to put a damper on the death penalty, veteran lega . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved