Saturday, May 5, 2012

TransCanada Re-Applies for Keystone XL Pipeline Permit

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TransCanada Corp. (TRP) has re-applied for a U.S. permit for the Keystone XL oil pipeline, seeking permission to build a $5.3 billion portion of the original project from the Canadian border to Steele City, Nebraska.

The application uses already reviewed routes through Montana and South Dakota and will add an “alternative” path through Nebraska determined by the state’s Department of Environmental Quality, according to a statement from the Calgary based company today.

“There is no win by denying this pipeline,” TransCanada Chief Executive Officer Russ Girling said today in a telephone interview. “There are several wins, energy security, economic development, jobs, wealth creation and less of an environmental impact, as a result of approving the pipeline”.....Read the entire Bloomberg article.

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