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Wednesday, Oct 30
TransCanada's Girling says Keystone approval hijacked by activists
- A frustrated TransCanada (TRP +0.2%) CEO Russ Girling says approval of the Keystone XL pipeline project has been "hijacked by activists opposed to the development of all fossil fuels," but he says the company remains committed to the project.
- Girling, who met with State Department officials about Keystone yesterday, is irritated with the five-year review by U.S. regulators, saying TRP has done "everything that could possibly be asked," and adding that the process for evaluating cross-border energy projects must change.
- He says the project would continue even if Pres. Obama eventually decides against approving the route, but doesn't specify exactly how that could be achieved.