TransCanada Still Hopeful On Obama Greenlight Of Keystone XL

TransCanada remains optimistic that a re-elected President Obama will approve construction of the Keystone XL Pipeline during his second term.

The Keystone XL pipeline would transport heavy crude oil from the Alberta tar sands to the Texas Gulf Coast. President Obama blocked approval earlier this year, in part because the proposed route crossed the environmentally sensitive Sandhills region of Nebraska.

TransCanada spokesman Michael Barnes says the company has revised the route and is hoping to win the necessary permit by late spring.

“The preferred route is based on feedback of hundreds of Nebraskans and our direct discussions with landowners along the route corridor and our desire to minimize disturbance of land, water resources, and special areas in the state. It avoids the Sandhills region, and we believe that will be seen favorably by the State Department and ultimately the President. We’re very, very hopeful.”

Construction has already begun on the southern leg of Keystone XL, connecting Cushing, Oklahoma with Port Arthur and Houston.

Barnes says this pipeline could be operational as early as the end of next year.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...