TransCanada Wants to Give Keystone XL Pipeline Another Try

November 10, 2016

TransCanada said it hopes to persuade the new Trump administration to revive the controversial Keystone XL crude oil pipeline that President Obama rejected in 2015.

The Washington Post writes that Calgary-based TransCanada said it is “evaluating ways to convince the new administration on the benefits, the jobs and the tax revenues this project brings to the table.” Trump has said if elected, he would allow the Keystone project to move forward.

Environmental groups were key in nixing TransCanada's seven-year effort to get a presidential permit from the U.S. State Department required to cross the international border between the two countries

“TransCanada remains fully committed to building Keystone XL,” the company said.

If completed, the pipeline would carry an estimated 730,000 barrels of oil a day from the Canadian oil sands to Nebraska, then connect to TransCanada lines on its route to the Texas Gulf coast.

Legal challenges are still making their way through U.S. court. Read more about TransCanada's hopes for the Keystone XL project here: