TransCanada has hope for Keystone XL Pipeline

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TransCanada has hope for Keystone XL Pipeline

Thu, 11/17/2016 - 09:09
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TransCanada has hope for Keystone XL Pipeline (Marc Nozell / Wikipedia)
TransCanada has hope for Keystone XL Pipeline (Marc Nozell / Wikipedia)

Calgary-based TransCanada is hopeful that the Trump win in last week's election will resuscitate the oft maligned Keystone XL pipeline rejected on 6 November 2015 by outgoing President Obama and given up for dead.

TransCanada said it was "“evaluating ways to convince the new administration on the benefits, the jobs and the tax revenues this project brings to the table.”

Opponents -- and there have been many -- say the 1,897 km, 30 inch diameter pipeline requires too much energy. In addition farmers and ranchers fear damage to water supplies in the event of a leak and oppose the use of eminent domain to take land for a project that would have no direct benefit for them. The very arguments one hears concerning Dakota Access.

TransCanada counters that Keystone would bring tens of millions of dollars in tax revenues to counties along the proposed route that are in dire need of an economic stimulus.

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