Obama’s Keystone Carbon Test Sets Precedent: TransCanada
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Rejecting TransCanada Corp.’s $5.4 billion Keystone XL pipeline due to carbon emissions in the oil sands would set a precedent for all U.S. infrastructure projects, Chief Executive Officer Russ Girling said.
It would be harder to build car plants and T-shirt factories, as well as other cross-border pipelines, if President Barack Obama makes a decision on the proposed 830,000-barrel-a-day line based primarily on emissions from oil-sands development, Girling said yesterday in an interview at Bloomberg’s Toronto office. New factories may face reviews based on their energy sources, he said.