Donald Trump says he would approve Keystone XL, but with new deal and piece of the profits – by Claudia Cattaneo (Financial Post – May 27, 2016)

http://business.financialpost.com/

CALGARY — The U.S. environmental movement’s biggest win yet, the defeat of the Keystone XL pipeline, could be history if Donald Trump takes the White House in November.

The Republican presidential candidate confirmed Thursday he would approve TransCanada Corp.’s proposed oil pipeline to link Alberta’s oilsands to refineries in the U.S. Gulf, but on different terms.

“I would absolutely approve it, 100 percent, but I would want a better deal,” Trump told reporters at a press conference in Bismarck, N.D., where he was scheduled to give a speech to an oil conference on the energy policies he would pursue. “I want it built, but I want a piece of the profits,” Trump said. “That’s how we’re going to make our country rich again.”

Whether such a goal is feasible or even needed, his pro-oil energy agenda would mean rougher waters for the anti-pipeline lobby that thrived under President Barack Obama.

Obama rejected KXL last November, saying: “America is now a global leader when it comes to taking serious action to fight climate change, and frankly approving this project would have undercut that global leadership.”

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