Canadian Manufacturing

Rae says TransCanada’s Keystone XL pipeline in national interest

by The Canadian Press   

Canadian Manufacturing
Environment Financing Operations Energy Oil & Gas Business environment finance Keystone XL politics

Interim federal Liberal leader says he has been clear in party's commitment to resource development

SASKATOON—Interim federal Liberal Leader Bob Rae says the party continues to stand behind the Keystone XL oilsands pipeline project.

Rae, who is on his final tour as leader, made the comments at a fundraiser in Saskatoon.

His comments come just one day after Saskatchewan Premier Brad Wall said federal NDP leader Thomas Mulcair was not acting in Canada’s best interest by opposing the $7-billion pipeline.

Rae said he continues to have a good relationship with Wall and has been clear in the party’s commitment to resource development in the West.


Calgary-based TransCanada Pipeline’s project would primarily carry bitumen from Alberta’s oilsands to refineries along the U.S. Gulf Coast, but oil would also come from the Bakken formation, which Saskatchewan shares with North Dakota and Montana.

Wall said the pipeline would increase Saskatchewan’s oil revenue by $300-million.

“It’s in our national interest to see that these resources are developed in a truly and deeply sustainable way,” Rae said.

“I agree with the state department view that says that there’s no net environmental effect of building the pipeline in the United States.”

After receiving the nod from Nebraska Gov. Dave Heineman, the pipeline’s fate is now in the hands of the U.S. State Department and President Barack Obama.

“We’ve got to get our products to market here,” Rae said. “We obviously need to continue to do a better job on the environment but that’s no reason to come out against the pipeline.”


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