TransCanada CEO "very pleased" as Keystone XL edges forward

Fri Jan 31, 2014 5:30pm EST

Jan 31 (Reuters) - Transcanada Corp's chief executive said on Friday he was "very pleased" with the release of a U.S. State Department review on Keystone XL, which played down the impact the 1,179-mile (1,898 km) pipeline would have on climate change.

"We are very pleased with the release and being able to move this next stage of the process," said Russ Girling on a conference call. "It's been long in getting here, but obviously as a company we're well prepared to move into this next phase."

The pipeline will now move into the final stage of the review process. If approved, construction is set to take about two years.

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Let the Gringos freeze in the dark or roast in the sun. The bitumen doesn’t belong to them.

The Bitumen extraction and refining process is a severe environment disaster no matter where it is shipped to — Texas, China, Japan, Louisiana. That being so and considering that most predictable large scale future economic growth is in China and Asia, Canada would be well advised to scrap the Keystone project and build the pipeline to refineries that can be built on British Columbia/Canada’s west coast, like the project proposed by media magnate David Black. That would create thousands upon thousands of permanent Canadian jobs, make Canada a giant fossil fuel player much like Australia is a giant coal, iron and minerals provider to China/Asia, and allows Canada to control its economic and political destiny rather than being a stunted tail attached to the voracious American superpower that considers Canada a weak northern outpost.

It is time for Canada to take control of its destiny rather than being a ragged American puppet.

Jan 31, 2014 6:08pm EST  --  Report as abuse
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