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TransCanada CEO Russell Girling discusses the benefits of the pipeline between Canada and Texas and the continuing protests surrounding the proposal.
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Probably -- -- that's the bottom kill our RSS wants to bring abundant affordable energy to America all right joining us now from Calgary's.
You don't TransCanada.
Michael it's Russell drilling -- -- scoreboard exclusive mr.
-- and I I'd.
I write I know you saw Alan.
-- just as fervent belief.
That's.
-- what you do is inherently evil and I economic so for a death from a from a businessman -- -- -- from a a a country that is graciously allowing the United States which produces about 20% of the oil that we need to it to use some of yours.
-- it make a case -- quickly for your pipeline.
I think that that's accused the United States needs some imported you know ten million barrels a day of oil.
And quite frankly there's no way I think everybody's focused on I'm trying to and the alternative energies and introducing conserve as much possible and in any scenario.
United States is gonna need that amount of imported oil and and you know getting oil from Canada.
Is that I believe a far better choice than getting it from from places around the globe that don't share that that the values -- environmental leadership for our human rights that said the United States -- Was -- to -- -- and other I think I guess of people always miss that.
Normally would think that think that oil is oil but oil is not oil light sweet crude is mostly what 90% of our refineries Kenyans we can't use heavy oil that's in other parts of the world.
And you are delivering -- about a million barrels and you will -- total -- we're -- to move to almost two million over the next five to eight years from Canada of light sweet crude which is that doubly important to us correct.
We're actually going to move you know -- or else to the United States the United States does use a considerable amount of imported.
Heavy crude else currently.
Our customers are using heavy crude oil and refining in the Gulf Coast.
-- from both on Mexico Venezuela -- rated heavier crude.
And we are gonna directly displace those heavier -- customers have told us that they have.
Terminated their contracts with Venezuela for example and every contractor for heavy crude also candidate so.
-- -- there's no net increase in heavy oils coming the United States and those refiners are configured to run share and that's obviously it's.
Crude so what Daryl Hannah the evidence that world sites is still locked herself to the -- White House finance etc.
and says that.
That -- our pipeline is gonna you know kill animals are caused world destruction.
To give people acting I don't know exactly was doing.
Does that sort of it is is she really inconsequential.
What what you guys say to someone like that.
I think everybody's entitled to their their own opinions.
What are hoping these are the organizers of these protests but actually share that that the faction.
As -- said you know the facts are can you know sands is going to get develop your respective.
And whether or not the United States wants it and so the actual you know -- impacts -- if Canadian development of -- you know sands is about 110 of 1% of global greenhouse gases so.
Even if they were successful denying the pipe -- that -- -- lead to denial.
-- progress in chaos as it wouldn't make one iota of change in global greenhouse gas emissions in fact what will probably happen is we'll see.
It on the to the resorts occur.
-- we'll see increased tanker traffic off the West Coast of Canada and increase tanker traffic off you know into the Gulf Coast the United States.
Actually increasing you know greenhouse gasses.
The new element is is not.
The the largest source of greenhouse gases in the world.
There's -- -- about thirty seconds that it where are we now we have some support some bills were passable exercises -- it would go ahead.
When could we have your oil flowing through this pipeline in the United States.
And the current plan is to and have a decision from the department state at the end of the year.
If the Department of State concludes positively -- issues as the permit and we're ready to start construction.
In early 2012 probably January or February will put 20000.
I US workers to work and we'll spend seven billion dollars stand stimulating US economy and we're ready to go -- shovel ready and.
And really happened right by the way if -- shovel -- is about ordered United States -- we don't quite understand that you actually are -- right.
-- we have the at the -- lined up that the pipeline and -- is is riding the constant outstanding have been manufactured enraged or construct all right thank you so much -- time to be with us tonight.
It's imports -- of us now it's time for you.
