Bill Clinton: Build Keystone XL on New Route

Source:

"'The extra cost of running it is infinitesimal compared to the revenues' the pipeline could produce, Clinton said today at an energy conference in the Washington suburbs."

Bloomberg, Brian Wingfield and Kim Chipman

TransCanada Corp. (TRP)ís proposed $7 billion Keystone XL pipeline should be built using an alternate route around the environmentally sensitive Sand Hills of Nebraska, former President Bill Clinton said.

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Former U.S. President Bill Clinton. In the past two years, Clinton has raised money for charity by auctioning off opportunities to spend time with him. (Photographer: Peter Foley/Bloomberg)

"The extra cost of running it is infinitesimal compared to the revenues" the pipeline could produce, Clinton said today at an energy conference in the Washington suburbs. "I think we should embrace it and develop a stakeholder-driven system of high standards for doing the work."

The 1,661-mile (2,673-kilometer) pipeline would carry oil from Alberta, Canada, to the U.S. Gulf Coast. It needs the approval of the State Department, led by Secretary of State Hillary Clinton, whose husband is the former president, because it would cross an international border. . . View Full Article

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