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TransCanada CEO Russ Girling on efforts to get approval of the XL Keystone Pipeline’s new route.
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So big litmus test in the talk over whether the US can be energy independent by 20/20 will be the keystone XL pipeline is it can happen or not.
Controversy has plagued the project since day one.
And now it is -- the wire after revising the route to ease environmental concerns the final public hearing is set for next week.
A lot hinges on the approval joining me now -- -- Fox Business exclusive.
Canada president and CEO -- sterling breast thank you so much for coming on the show.
What do you expecting Canada's hearing.
This is a public comment period to have our public comments assets and for Nebraska and -- over the last year we've -- Aspects -- -- time with the -- environmental quality.
Defining a new -- time -- through that process we had debt had a number of public engagement opportunities where we -- -- comments from.
From Nebraska and -- that's -- now put out for us for public viewing.
And dad don't BS public -- oral hearing her comment period down on December the fourth and how we look forward to hearing those comments and then from there.
Indeed our viral quality will take those comments and hopefully incorporate them into.
Into a final recommendations -- governor hopefully by the end of the year.
This is a long and and you'll let me -- -- I know you won't say it painful.
Process I mean basically what I just heard you say is.
You know you sort of -- complaints from everyone who could possibly show up and complain about this pipeline.
You try to accommodate as many of them as you can you gonna have another hearing you're gonna here for more people.
Are you hopeful about this -- in what -- its new long road do you think you've done enough.
Now to get this done to make -- -- people happy.
There's no question this has been a long road it's been the most exhaustive process I've ever involved in for a for for peace and infrastructure of this this nature and and -- remain optimistic is is that demand for the pipeline continues to grow.
I US production is is on the rise as his Canadian production not production is now moving to markets I rail.
That's not as safe as it is -- -- -- -- pipeline.
Ransom demand is is definitely there and -- US imports some some ten million barrels -- day of oil and you know this new production will this place that oil if we can get its market so.
I remain optimistic that fundamentals are still very strong for this pipeline.
That the lower portion of the pipeline is already under construction right I mean there there are working on -- it's been approved what happens if that ends up being the only portion of it.
About that portion of the pipeline is is news as well this is as this new production is come on.
In North America and the crude oil is being.
Have bottleneck at a place called Cushing Oklahoma and it can't get to the markets on the on the Gulf Coast so that pipeline will open up that bottleneck time.
But -- that -- will allow will will.
You know -- be -- to gain if we don't.
Continue to expand the pipeline routes from.
Like Nebraska.
From North Dakota and in Montana.
And from Canada through Cushing answered in the Gulf Coast and those those links need to be.
I continue to happen.
Think is is the main opposition at this point I mean is it environmentalists.
You know I -- you have unions on your side because obviously you're creating a lot of jobs would you feel like as.
The biggest constituency that you have to win over.
I think we we have.
Your tremendous support this project the polling that we see both in Nebraska and not a not a national level is yet to third step.
-- seventy to 75%.
Americans have want this project due to occur.
And those that are opposed I don't think they're fundamentally opposed to our pipeline necessarily and their -- -- that the Canadian oilsands and that's clear.
And that there argument is is this is the the most detrimental thing to the environment that they could ever occur.
But I think what they're missing is is that you can you know -- only produce 110 of 1% about global greenhouse gases.
That's their main focus is on.
The -- can you know sands in what we have to do is get the facts out there.
And shared with us I think most folks understand that set this oil -- important to energy security that's important into job creation.
It's important economic stimulus.
Ended if it's denied.
You we don't have any you know net benefits the environment we only have a net detriment to to the economy to energies.
Here you can not really bad points in our favor if if they're talking about you know what's gonna happen to the environment -- the pipeline doesn't go through it doesn't mean that you're not gonna take oil from those oil sands in Canada.
It just means that oil is -- gonna come to the US right I mean you're not gonna not develop that resource.
It's just gonna end -- going to Asia we don't build the pipeline right.
I think this as the chief economist of the International Energy Agency today said -- You know the world is demand is growing and we need every drop of Canadian oil so.
Canadian oilsands is going to get developed and -- developed responsibly.
How to make no mistake is it is getting melt and that I would say that if if we can't deliver to United States that -- That's a huge loss war for North America -- -- but it will go to go and other markets.
Absolutely -- growing thanks for coming on good luck to you.
Thank you very much for.
