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

  Comment  |
   Contact  |
  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.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Crude Plunges 10% in Biggest One-Day Drop Since 2009

Friday, 28 Nov 2014 21:41 PM

U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke b . . .

National Protests Over Ferguson Briefly Close Malls, Shut Down Trains

Friday, 28 Nov 2014 21:20 PM

Demonstrators temporarily shut down two large malls in suburban St. Louis on one of the busiest shopping days of the yea . . .

Next Partisan 'War' in New Congress Will Be Over Science

Friday, 28 Nov 2014 19:58 PM

After midterm battles, an immigration standoff and amid a switch of power in Congress, the next political fight in Washi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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