VANCOUVER 鈥� Prime Minister Stephen Harper says U.S. President Barack Obama has 鈥減unted鈥� a decision on the controversial Keystone XL oil pipeline, but he鈥檚 still confident the long-delayed $5.4 billion project will eventually be built.
Harper made his remarks during a question-and-answer session with Vancouver Board of Trade CEO Iain Black. When Black launched into one question by saying Obama had rejected the pipeline, Harper interjected.
鈥淣o, he鈥檚 punted,鈥� the prime minister said of Obama. 鈥淗e said 鈥檓aybe.鈥� 鈥�
鈥淚t is my hope that the administration will in due course see its way to take the appropriate decision, but that鈥檚 obviously a political process in the United States,鈥� Harper continued.
鈥淭he good news is that on both sides of the aisle, in both political parties, in both houses, and throughout the American economy and public, there is widespread support for the project.
鈥淚 am confident that in due course the project will, in one way or another, proceed.鈥�
Transsa国际传媒 Corp. (TSX:TRP) first applied to build the 830,000-barrel-per-day pipeline more than five years ago. The Obama administration rejected an earlier iteration of it, but encouraged the company to re-apply with a tweaked route through Nebraska to address environmental concerns.
The US$2.3-billion, 700,000-barrel-per-day southern portion of the pipeline between Cushing, Okla., and the U.S. Gulf Coast 鈥� which Transsa国际传媒 could build without U.S. State Department approval because it doesn鈥檛 cross an international border 鈥� is in the process of starting up.
In an interview last month, Transsa国际传媒 CEO Russ Girling said he鈥檚 optimistic a final decision on the more contentious northern portion of the pipeline will come during the first quarter of 2014.
For future projects, like the $12-billion Energy East project to New Brunswick, Girling said the key will be keeping the project as far outside the political arena as possible.
鈥淗aving our projects intertwined in the political process when they should be rightly placed in the regulatory processes that are arms length from politics, that鈥檚 where we鈥檙e going to try to steer our projects going forward as best we can, to keep them apolitical,鈥� he said.
In practical terms, that means getting out on the ground in communities along the pipeline route as early in the process as possible.
鈥淲e are just trying not to leave that playing field so wide open for somebody to create a cause celebre around this thing.鈥�
Absent a 鈥渕ajor score鈥� on greenhouse gas emissions, environmental groups seized upon Keystone XL as a 鈥渂ellwether鈥� on the greater climate change issue, Girling said.
鈥淩esponsible people don鈥檛 make decisions of this magnitude on a symbolic basis. They make it based on facts.鈥�
Marc Spitzer, a former commissioner with the Federal Energy Regulatory Commission who is now a partner with law firm Steptoe & Johnson LLP, said the Keystone XL has become 鈥渃ollateral damage鈥� in an increasingly polarized U.S. political scene.
Those wondering why Keystone XL has become a 鈥減oster child鈥� for the U.S. environmental movement might as well ask 鈥渨hy do people care about Miley Cyrus now?,鈥� he said.
鈥淚t鈥檚 one of those accidents of history and the White House made it worse.鈥�
Spitzer said Obama should have 鈥渓anced the boil鈥� years ago and approved the pipeline.
鈥淚 can鈥檛 believe the White House finds it pleasant to have the Canadian government feel that they鈥檝e been treated so poorly by the United States,鈥� he said.
鈥淚 can鈥檛 believe that they enjoy the debate. They had to hide under their desks before the election and they keep putting this off. I can鈥檛 believe this is fun for them.鈥�
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