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Renewed interest in Keystone XL pipeline will only enhance TransCanada’s Energy East plans

Renewed interest in Keystone XL pipeline will only enhance TransCanada’s Energy East plans

With Donald Trump set to move into the White House in January, there is a possibility that TransCanada’s Keystone XL pipeline could be revived.

The revival would see Alberta crude sent south for refineries in the Gulf of Mexico.

While TransCanada’s plans were never halted, they were put on hold briefly, as the board must replace three original panel members. This will not prevent the organization from continuing its efforts.

Trump’s support of the pipeline has received attention from New Brunswick’s premier, announcing that his support could greatly change things.

Tim Duboyce of TransCanada said the company is committed to Energy East, and that oil shippers remain supportive of the initiative.

Energy East still has the support of the federal government, and was in fact disappointed when President Obama did not see eye-to-eye.

© 2016 Global News, a division of Corus Entertainment Inc

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