By MATTHEW BROWN (AP) – 1 day ago
BILLINGS, Mont. — TransCanada executives say they will consider letting Montana and North Dakota crude oil onto a proposed pipeline to the Gulf Coast, after hearing from U.S. oil producers.
Calgary-based TransCanada Corp. aims to start construction this year on the 1,980-mile Keystone XL pipeline. It's part of a $12 billion investment to move crude from Canada's oil sands to refineries in the United States.
The company previously rebuffed calls to build an "onramp" for crude from Montana and North Dakota, but facing political pressure to reconsider, TransCanada Vice President Robert Johnson said Wednesday that Keystone XL was "open for business" with U.S. producers.
Johnson made the pledge after meeting with oil company representatives assembled in Billings by Montana Gov. Brian Schweitzer and North Dakota Gov. John Hoeven.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
BILLINGS, Mont. (AP) — TransCanada executives say they will consider letting Montana and North Dakota crude onto a proposed pipeline to the Gulf Coast, after hearing from oil producers who said they needed the line.
Calgary-based TransCanada aims to start construction this year on the 1,980-mile Keystone XL pipeline. It's part of the company's $12 billion investment in moving crude from Canada's oil sands to refineries in the United States.
The company previously rebuffed calls to build an "onramp" for crude from Montana and North Dakota, saying there did not appear to be enough demand.
But facing political pressure to reconsider, TransCanada vice president Robert Johnson said Wednesday that Keystone XL was "open for business" with United States producers.
Johnson made that pledge after meeting with dozens of oil company representatives assembled in Billings by Montana Gov. Brian Schweitzer and North Dakota Gov. John Hoeven.
Copyright © 2010 The Associated Press. All rights reserved.
Review: http://www.google.com/hostednews/ap/article/ALeqM5hthn4CpEiVHBDx9agx1o6rJZ3ZwAD9E7CLAO0
BILLINGS, Mont. — TransCanada executives say they will consider letting Montana and North Dakota crude oil onto a proposed pipeline to the Gulf Coast, after hearing from U.S. oil producers.
Calgary-based TransCanada Corp. aims to start construction this year on the 1,980-mile Keystone XL pipeline. It's part of a $12 billion investment to move crude from Canada's oil sands to refineries in the United States.
The company previously rebuffed calls to build an "onramp" for crude from Montana and North Dakota, but facing political pressure to reconsider, TransCanada Vice President Robert Johnson said Wednesday that Keystone XL was "open for business" with U.S. producers.
Johnson made the pledge after meeting with oil company representatives assembled in Billings by Montana Gov. Brian Schweitzer and North Dakota Gov. John Hoeven.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
BILLINGS, Mont. (AP) — TransCanada executives say they will consider letting Montana and North Dakota crude onto a proposed pipeline to the Gulf Coast, after hearing from oil producers who said they needed the line.
Calgary-based TransCanada aims to start construction this year on the 1,980-mile Keystone XL pipeline. It's part of the company's $12 billion investment in moving crude from Canada's oil sands to refineries in the United States.
The company previously rebuffed calls to build an "onramp" for crude from Montana and North Dakota, saying there did not appear to be enough demand.
But facing political pressure to reconsider, TransCanada vice president Robert Johnson said Wednesday that Keystone XL was "open for business" with United States producers.
Johnson made that pledge after meeting with dozens of oil company representatives assembled in Billings by Montana Gov. Brian Schweitzer and North Dakota Gov. John Hoeven.
Copyright © 2010 The Associated Press. All rights reserved.
Review: http://www.google.com/hostednews/ap/article/ALeqM5hthn4CpEiVHBDx9agx1o6rJZ3ZwAD9E7CLAO0
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