07:06 GMT +324 October 2019
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    A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne, North Dakota

    TransCanada Rejects Trump’s Proposed Deal for Keystone XL Pipeline

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    TransCanada spokesman James Millar said that Trump’s proposal on the Keystone XL pipeline is not the way projects are usually structured, and the next US president would have to accept that.

    WASHINGTON (Sputnik) — The TransCanada Corporation rejected Donald Trump’s proposal to allow building the Keystone XL pipeline if he becomes the next US president, but obtain a portion of the profits for the United States generated by the pipeline, local media reported on Friday.

    "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.

    TransCanada, however, said Trump’s proposal is not the way projects are usually structured, and the next US president would have to accept that.

    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.

    Related:

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    Tags:
    Keystone XL Pipeline, TransCanada Corporation, James Millar, Canada, United States
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