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FP: With Trump’s blessing, Keystone XL gets ready for a revival

Dec. 12, 2016 6:37 PM ETTC Energy Corporation (TRP) Stock, TRP:CA StockTRPBy: Carl Surran, SA News Editor5 Comments
  • Pres.-elect Trump seems to be going out of his way to make the revival of TransCanada's (NYSE:TRP) Keystone XL pipeline symbolic of his back-to-business and energy security priorities, Financial Post's Claudia Cattaneo writes.
  • After speaking about the project during the election campaign, Trump suggested - unprompted - in a weekend interview with Fox News he would move quickly on a decision on Keystone XL after taking office.
  • Former TRP exec Dennis McConaghy says Trump's enthusiasm is easy to understand, since the project would mean "$10B of infrastructure investment that the federal government doesn’t have to pay for."
  • Separately, Canada's government appoints three new members to the National Energy Board in a move that could get TRP's stalled Energy East pipeline review back on track.
  • The temporary appointments fill a void left when the previous panel examining the proposed pipeline stepped down due to perceptions of a potential conflict of interest.

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