“It’s not likely that the keystone project will be revived, and it is not likely that it will have much impact at all in terms of the balance between Canada and the US,” McConnell said.
On November 6, President Barack Obama announced his rejection of the Keystone XL pipeline. The pipeline was expected to bring more than 800,000 barrels of oil daily to US refineries.
McConnell explained that there are many other pipelines connecting Canada and the United States that can be used.
“The keystone project in particular became a political debate that is not nearly as impactful in terms of trade as other pipelines,” he argued.
TransCanada, seeking over $15 billion in damages, filed a lawsuit against State Secretary John Kerry in connection with the rejection. The US District Court for the Southern District of Texas is scheduled to begin proceedings in the case on April 18.