TransCanada says Keystone XL still alive
President Barack Obama, a Democrat, denied a presidential permit required for a border crossing last year, seven years after TransCanada announced plans for the line. Trump expressed support for the project, but has added that the US should get a "significant piece of the profits", without going into detail.
Existing trans-border pipelines do not have special revenue-sharing schemes with the government.
"We are evaluating ways to engage the new administration on the benefits, the jobs and the tax revenues this project brings to the table," TransCanada, which in June filed a \\$15bn Nafta claim against the US government over the rejection, said today.
It is unclear how Trump, who has championed US energy production, views a new influx of non-US crude flowing into the country.
The rejection by Obama's State Department last year said approving the oil sands pipeline would undercut US efforts in climate negotiations with other countries. TransCanada has said it was held to an unfair standard compared with similar projects.
TransCanada did build what was once the southern leg of Keystone XL from Cushing, Oklahoma, to Nederland, Texas. That section is now called Marketlink. It can carry 700,000 b/d but was to be expanded to 830,000 b/d upon construction of the northern leg.