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


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%.

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Comments (4)
  • psychological-dividends
    , contributor
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    So these would be BNSF terminals I'm assuming? Or is that not known?
    16 Jan 2014, 11:49 AM Reply Like
  • MEKhoury
    , contributor
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    Was thinking the exact same thing
    16 Jan 2014, 11:50 AM Reply Like
  • bigbenorr
    , contributor
    Comments (1176) | Send Message
     
    Why not build a pipeline from Cushing to Sidney, Montana and then rail from there to Alberta?
    16 Jan 2014, 11:51 AM Reply Like
  • bobby44
    , contributor
    Comments (493) | Send Message
     
    Been talked about before - pipeline all the way except a short border crossing of rail line. Sure would solve a lot of problems and give the Bakken oil a delivery system. Only problem is Obama's boy would not own the terminals or the rail line.

     

    The reason Canadian support is dropping is that they are sick of the treatment they have received at the hands of this administration. They have gone from supporting oil to the USA to saying "screw em we will sell the oil to China". I do not blame them for that thinking at all.
    16 Jan 2014, 12:01 PM Reply Like
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