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TransCanada Says It Remains Fully Committed To Building Keystone XL

Darpan News Desk The Canadian Press, 09 Nov, 2016 11:30 AM

CALGARY — TransCanada says it remains fully committed to building the controversial Keystone XL pipeline that U.S. President Barack Obama rejected last year.

The pipeline company said Wednesday it's evaluating ways to engage the new administration elected yesterday on the potential benefits of the project.

President-elect Donald Trump has said several times he is in favour of the Keystone XL pipeline, and invited TransCanada to reapply for approval as part of his platform.

The Obama administration rejected the pipeline that would bring bitumen from Alberta's oilsands to U.S. Gulf Coast refineries last November because it was found not to be in the U.S. national interest.

In response, TransCanada has filed for NAFTA arbitration on the pipeline and is seeking $15 billion in damages, claiming the rejection was arbitrary and politically driven.

Prime Minister Justin Trudeau has supported the pipeline in the past, while interim Conservative leader Rona Ambrose urged Trudeau in a statement Wednesday to move quickly to push the project forward.

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