Photographer: Daniel Acker/Bloomberg

Trump Hasn’t Yet Shown His Hand on Keystone XL, Canada Says

  • Energy minister hasn’t received word on potential conditions
  • President has expressed support for pipeline Obama rejected

Donald Trump’s administration has given no indication he’ll seek tolls or other financial benefits as a condition of approving TransCanada Corp.’s Keystone XL pipeline, Canada’s natural resources minister says.

Jim Carr, speaking Monday during a cabinet retreat in Calgary, said the two governments have already discussed Keystone, but the minister hadn’t received any indication of whether Trump will actually proceed with a project he’s expressed support for previously.

“We only know what has been said before -- that there is support for Keystone XL from President-elect Trump,” Carr said. “Now, President Trump will determine whether he believes it’s in the interest of the United States, and we await his opinion on that.”

Canadian approvals for the Keystone project, rejected by Barack Obama in 2015, remain in place. Prime Minister Justin Trudeau’s government backs the project. “Our position has been pretty clear from the time we took government that we are supportive of the project,” Carr said.

TransCanada spokesman Terry Cunha said by e-mail Monday the company remains “committed” to Keystone XL project but sensitive to the fact the U.S. government is in a transitional period.

Stephen Schwarzman, chief executive officer at Blackstone Group LP and head of the president’s strategic and policy forum, said approving Keystone would be a “consistent” move, though he hasn’t discussed the issue specifically with Trump’s team.

“The new administration does not have the same ideological view as the previous one does, and is expansionistic,” Schwarzman told reporters after speaking to Trudeau’s cabinet in Calgary.

— With assistance by Robert Tuttle

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