TransCanada Exec: Keystone XL Could Set New Standard for Permit Approval

Keystone Pipeline (National Journal)

A top executive with TransCanada, the company seeking approval from the White House to construct the Keystone XL pipeline, said that the regulatory hurdles and delays the project has faced could be the new normal for energy infrastructure projects, The Hill reports.

"All of the issues that have made Keystone XL contentious with the opposition would be equally applicable to both of those projects you identified, and I think it would be pretty naive to assume any future project, certainly in the near future, would be going through a significantly lower hurdle in terms of the presidential permit process," TransCanada's president for energy and oil pipelines, Alex Pourbaix, told a financial analyst on a call to discuss the company's third-quarter earnings Tuesday.