Hours after Donald Trump’s historic election win, TransCanada is already looking at ways to engage a Trump administration on the potential benefits of the Keystone XL pipeline.
The Calgary-based company remains fully committed to building the contentious project, which was rejected by U.S. President Barack Obama in 2015, said company spokesperson Mark Cooper.
President-elect Trump had previously stated he was in favour of the 1,900 kilometer pipeline and invited TransCanada to reapply for approval as part of his platform.
Keystone XL, which would carry bitumen from Alberta’s oilsands to refineries on the Gulf Coast, was rejected by the Obama administration last November because it was “not in the U.S. interest”.
TransCanada filed for NAFTA arbitration and is seeking $15 million in damages.
Interim Conservative leader Rona Ambrose issued a statement on Wednesday, urging Justin Trudeau to push the project forward.
Meanwhile the Canadian Association of Petroleum Producers is encouraged to know that the pipeline project could be revived under the Trump administration.
But spokesman Jeff Gaulin says what we also need are more pipelines to get Alberta oil to tidewater in Canada, so we can sell to other markets.
“The United States is our number one customer for oil and gas, but it’s also our number one competitor. So while we still want to build more pipelines and provide and sell more oil and gas to the United States, it’s really important for Canada to find more customers around the world.”