TransCanada re-submits application for Keystone XL pipeline
00:38, Jan 28, 2017
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Opponents of the Keystone XL pipeline in Nebraska are planning to convene in anticipation that President Donald Trump will approve the Canada-to-Texas project.
In its press release on the submission of the new application, CEO Russ Girling was quoted as raising this number to "tens of thousands" and noting that it will help ensure the U.S.' energy security.
TransCanada Corp. resubmitted the application two days after President Trump signed a presidential memorandum formally asking the company to reapply and directing the State Department to decide within 60 days whether the permit should be issued.
The proposed 1,900-kilometre pipeline would run from Hardisty, Alta., to Steele City, Neb., where it would tie into other pipelines carrying crude to U.S. Gulf Coast refineries.
Paving ways for a low-priced shipping and a new platform for Canada's massive but undiscovered crude oil sands reserves, the Keystone project would give the USA neighbor an increased accessibility to the global market.
He noted that TransCanada employees live in 38 US states where the Calgary-based firm operates, and the company is committed to working productively with stakeholders and tribal leaders.
The company said the project would contribute $3.4 billion (3.18 billion euros) to the United States economy. Last Thursday, TRP reapplied for the project and if approved, we believe operations will commence in the next couple of years.
Former president Barack Obama rejected Keystone XL in late 2015, declaring it would undercut US efforts to clinch a global climate change deal that was a centrepiece of his environmental agenda. Ninety-seven per cent of Canada's oil exports go to the U.S.
Trump was inaugurated less than a week before the application was filed.
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