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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (69103)	3/21/2016 10:24:29 AM
From: gg cox	Read Replies (1) \| Respond to of 86347

youtu.be

To: Brumar89 who wrote (69103)

3/21/2016 2:00:04 PM

From: Brumar89

Respond to of 86347

Trump would reject Keystone XL pipeline unless “big chunk” of profits given to US

[ Now this pipeline is a private venture. Like any other pipeline except this one crosses the border. We have other cross border pipelines but this one is new. And a foreign company owns it. Again, a company incorporated in a foreign country, it's not a Canadian government entity either. The federal government's involvement is just a matter of giving approval or not. There is no federal government money in it. But Trump says he wants 25% of the profits or even government ownership of part of it. He is a big government guy and an economic nationalist.

And it's easy to see taking this tack would lead to Canadian government making similar demands on American companies doing business in CN. There's a lot of American companies in Canada's energy industry. ]

Republican Presidential candidate Donald Trump has claimed he would reject the Keystone XL pipeline if the US was not given a “big chunk” of profits by TransCanada.

The business tycoon’s comments are in opposition to the other Republican nominees who have all said they would approve the pipeline from the Alberta oil sands.

The pipeline was rejected by President Barack Obama in November last year.

Speaking in Iowa, Trump said: “I want 25 per cent of the deal for the United States. They’re going to make a fortune.

“When they do this pipeline, it’s going to be a very profitable thing and it’s really Canada oil coming down — so it’s not — I like Canada, I want these people to be happy, but I want the developers of the pipeline to give the United States a big, big chunk of the profits or even ownership rights, like I do in business. That’s what I do.

“I want a big piece of the deal. Otherwise I’m not going to approve it. They will give us a lot.”

Trump added that he was “not in love” with the idea of taking Canadian oil but added: “I love Canada, by the way.”

https://www.energyvoice.com/oilandgas/americas/99813/trump-would-reject-keystone-xl-pipeline-unless-big-chunk-of-profits-given-to-us/