Keystone makes TransCanada more cautious about future U.S. forays: executive
Posted May 23, 2013 3:45 pm.
This article is more than 5 years old.
CALGARY – A TransCanada executive says the experience with the Keystone XL pipeline project has made the company more cautious about future cross-border endeavours.
Alex Pourbaix says he knew it would be a challenge when TransCanada embarked on the Keystone project.
But he says nobody expected it would drag on for five years.
Pourbaix says Calgary-based TransCanada (TSX:TRP) needs to make sure in the future that it has solid backing from all sides in a pipeline project.
He says it’s also important to try to avoid getting caught in a “presidential cycle” when potential projects can become a political issue.
Keystone XL would bring 700,000 barrels of oilsands crude a day from Alberta through six states and to Gulf Coast refineries.
