Calgary’s mayor says both government and the oil industry have dropped the ball when it comes to promoting TransCanada Corp.’s proposed Keystone XL pipeline.
Naheed Nenshi recently returned from a world economic forum in Switzerland.
He says discussions about the project made it clear to him that Canada has not done a good enough job of winning over global leaders.
Nenshi says he has become an advocate of the pipeline because Calgary-based TransCanada’s (TSX:TRP) project is key to his city’s economy.
The $7.6-billion pipeline would carry bitumen from Alberta’s oilsands to refineries along the U.S. Gulf Coast.
Environmental groups have put enormous pressure on the U.S. government not to approve Keystone.
Source: Global Calgary, The Canadian Press