TransCanada CEO "disappointed" with Keystone XL pipeline delay

April 18 Fri Apr 18, 2014 4:27pm EDT

April 18 (Reuters) - TransCanada Corp Chief Executive Russ Girling said on Friday he was "extremely disappointed and frustrated" with yet another delay in making a decision on a presidential permit for the Keystone XL pipeline.

The statement followed the decision by the U.S. State Department to extend the government comment period on the Keystone XL pipeline, a move that likely postpones a final decision on the controversial project until after the Nov. 4 mid-term elections.

By linking Canadian fields to refiners on the Gulf Coast, the 1,200-mile (1,900-km) Keystone XL pipeline would be a boon to an energy patch where oil sands are abundant but that produce more carbon pollution than many other forms of crude.

"We are also disappointed the United States will continue to rely on suspect and aggressive foreign leaders for the eight to nine million barrels of oil that is imported every day", Girling said in an email.

"It is unfortunate that interest groups and paid activists are blocking energy security, saying no to jobs, and creating a situation that actually leads to higher GHG's (greenhouse gases) and greater public at risk" he said.

Keystone opponents say that burning fossil fuels to wrench oil sands crude from the ground will worsen climate change, and that the $5.4 billion pipeline, which could carry up to 830,000 barrels per day, would only spur more production. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Marguerita Choy)

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Comments (4)
Eugene31 wrote:
Trans Canada and Koch Brothers, Be disappointed. Be very disappointed.

Apr 18, 2014 4:57pm EDT  --  Report as abuse
Thomsonx1 wrote:
Can someone PLEASE impeach Obama, Him and his liberal junkies are sabotaging this country!

Apr 18, 2014 5:30pm EDT  --  Report as abuse
RobertLB wrote:
Almost all of the oil that the US imports from Canada, so lets stop importing Canadian oil. That way he will no longer be disappointed. Everyone knows that the distance to the west coast is a lot closer than the 1,200 miles to the Gulf.

TransCanada knows that if the pipeline travels through the US that they can add a surcharge to the oil, so US drivers and home owner will have to pay for the pipeline. TransAlaska was paid for in the same way. Why do we have to pay for a Canadian pipeline that will cost less to build across Canada?

Apr 18, 2014 11:49pm EDT  --  Report as abuse
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