TransCanada will look at rail if Keystone XL rejected, Girling says

|About: TransCanada Corporation (TRP)|By:, SA News Editor

TransCanada (TRP +0.4%) CEO Russ Girling says if the Obama administration doesn’t approve the Keystone XL pipeline, his company will have no choice but to consider the more dangerous alternative of building build rail terminals in Alberta and Oklahoma.

Girling would consider building a rail terminal in Hardisty, Alberta, where the pipeline would have started, and an import terminal in Cushing, Okla., site of the biggest U.S. oil storage hub; the southern leg of Keystone XL from Cushing to refineries on the Gulf coast is set to come online next week.

The Keystone controversy may be starting to wear down Canadians: A Nanos poll says 52% of Canadians support or somewhat support the project, down from 68% approval in April, while respondents who oppose or somewhat oppose rose to 40% from 28%.