President Trump affirms support for Keystone XL project
30 March 2019 - 6:49AM
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today
thanked President Donald Trump for affirming his support for the
Keystone XL pipeline project by issuing a new Presidential Permit.
The president’s action today clarifies the national importance
of Keystone XL and aims to bring more than 10 years of
environmental review to closure.
“President Trump has been clear that he wants to create jobs and
advance U.S. energy security and the Keystone XL pipeline does both
of those things,” said Russ Girling, TransCanada’s president and
chief executive officer. “We thank President Trump for his
leadership and steadfast support to enable the advancement of this
critical energy infrastructure project for North America.”
“The magnitude of the work on this project has been extensive.
The Keystone XL pipeline has been studied more than any other
pipeline in history and the environmental reviews are clear – the
project can be built and operated in an environmentally sustainable
and responsible way,” added Girling.
Keystone XL will create thousands of jobs and deliver economic
benefits across North America while being the safest, most
efficient and environmentally sound way to move crude oil to the
U.S. Gulf Coast.
With more than 65 years' experience, TransCanada is
a leader in the responsible development and reliable operation of
North American energy infrastructure including natural gas and
liquids pipelines, power generation and gas storage facilities.
TransCanada operates one of the largest natural gas transmission
networks that extends more than 92,600 kilometres (57,500 miles),
connecting major gas supply basins to markets across North America.
TransCanada is a leading provider of gas storage and related
services with 653 billion cubic feet of storage capacity. A large
independent power producer, TransCanada currently owns or has
interests in more than 6,600 megawatts of power generation in
Canada and the United States. TransCanada is also the developer and
operator of one of North America’s leading liquids pipeline systems
that extends approximately 4,900 kilometres (3,000 miles),
connecting growing continental oil supplies to key markets and
refineries. TransCanada’s common shares trade on the Toronto and
New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on social
media.
FORWARD-LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Fourth Quarter 2018 Financial
Highlights release and 2018 Annual Report filed under TransCanada's
profile on SEDAR at www.sedar.com and with the U.S. Securities and
Exchange Commission at www.sec.gov.
Media Inquiries:Terry Cunha / Robynn
Tysver800.608.7859
TransCanada Investor & Analyst
Inquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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