‘Iconic political football’ Keystone XL nears end zone after 10-year battle
CALGARY – When former TransCanada Corp. executive Dennis McConaghy first put together the commercial agreements for the Keystone XL pipeline 10 years ago, he expected it to be shipping oil from Alberta to Texas by 2012.
But a decade later, the project remains in limbo, its shippers a little less committed and its strategic importance a bit more diminished, despite high-profile backing from U.S. President Donald Trump. And yet another round of legal proceedings to contend with.
If this thing is actually put in place it will create more economic value for the country
Dennis McConaghy
A five-person Nebraska Public Service Commission will hear arguments Monday through Friday to determine whether the project — which has been hotly contested by environmental groups — is in the public interest by Nov. 23.
