TransCanada Corporation (TransCanada) thanked President Donald Trump this past Friday, March 29 for affirming his support for the Keystone XL pipeline project by issuing a new Presidential Permit.
The president’s action today clarifies the national importance of Keystone XL and aims to bring more than 10 years of environmental review to closure.
“President Trump has been clear that he wants to create jobs and advance U.S. energy security and the Keystone XL pipeline does both of those things,” said Russ Girling, TransCanada’s president and chief executive officer. “We thank President Trump for his leadership and steadfast support to enable the advancement of this critical energy infrastructure project for North America.”
“The magnitude of the work on this project has been extensive. The Keystone XL pipeline has been studied more than any other pipeline in history and the environmental reviews are clear – the project can be built and operated in an environmentally sustainable and responsible way,” added Girling.
Keystone XL will create thousands of jobs and deliver economic benefits across North America while being the safest, most efficient and environmentally sound way to move crude oil to the U.S. Gulf Coast.
With more than 65 years’ experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 92,600 kilometres (57,500 miles), connecting major gas supply basins to markets across North America. TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in more than 6,600 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries. TransCanada’s common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit TransCanada.com to learn more, or connect with them on social media.by