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After five years, TransCanada still confident in Keystone XL

Keywords: Tags  TransCanada, Keystone XL pipeline, Alex Pourbaix, Thorsten Schier

LONDON — TransCanada Corp.’s Keystone XL pipeline has now been in the works for five years, but the company remains confident it will eventually be built.

"At the end of the day, I believe that logic will prevail over the loud voices of a few professional activists and celebrities that are using Keystone XL to further their own agendas with no regard for facts and science," Alex Pourbaix, TransCanada’s president of energy and oil, said in a blog on the fifth anniversary of the start of the pipeline’s approval process.

Pourbaix touted the safety of pipelines over other forms of crude transport. "The result (of the Keystone XL delay) has been a rise in other methods of transporting crude oil that are not as efficient or safe as pipelines and U.S. refineries continuing their reliance on crude oil from places like Venezuela, Saudi Arabia and Russia that do not share our values, our commitment to protecting the environment, or our highly integrated economy," he said in the blog.

TransCanada is awaiting presidential approval for the 1,179-mile pipeline from Alberta to Nebraska.

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