"The role of the US government in such transactions is that of a regulator — ensuring various laws and regulations are followed — and granting appropriate permits," TransCanada spokesman James Millar was quoted by The Hill as saying. "We would expect to continue to follow this model that has been in place for decades."
On Thursday, Trump announced in a speech in North Dakota he would approve the Keystone XL pipeline, but would a portion of the pipeline’s profits because the United States would have to use "eminent domain" to make the pipeline’s existence possible.
The proposed 1,179-mile Keystone XL pipeline would link the oil sands region in the Canadian province of Alberta to the US state of Nebraska, and all the way to the oil refineries on the Gulf of Mexico coast.
In February, President Barack Obama vetoed a bill to allow the construction of the pipeline.