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New U.S. Secretary of State Shouldn't Change Keystone Odds, Says TransCanada

Dec 18, 2012
(Reuters)

The prospect of a new U.S. secretary of state should not change the odds of the Canada-to-United States Keystone XL oil pipeline being approved, since previous studies concluded that carbon emissions will not rise as a result of the project, the chief executive of proponent TransCanada Corp (TRP.TO) said on Monday.

TransCanada CEO Russ Girling said the major issue should not be climate change, as the Canadian oil sands will be developed regardless of the pipeline's approval, but a question of where the United States wants to source its crude oil imports.