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Why Trump’s KXL approval shows more love for Canada than suggested in tough NAFTA posturing [Financial Post (Toronto, Ontario, Canada)]

TRANSCANADA (TRP)  More Company Research Source: Financial Post
Last transcanada earnings: 4/27 07:30 am Check Earnings Report
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PDF Why Trump’s KXL approval shows more love for Canada than suggested in tough NAFTA posturing As part of posturing to extract better terms on NAFTA, President Donald Trump has warned Canada he’s unhappy with many aspects of the deal, including — and surprisingly — energy. But a document by the U.S. State Department on the reasons behind his approval of the Keystone XL pipeline tells a different story – it shows deep appreciation for Canadian oil and for the friendship between the two countries. “A more robust statement (by the U.S.) of the importance of oil from Canada you will seldom see,” said former Canadian ambassador to the United States Derek Burney, who has argued that Canadian energy has become so important to its southern neighbour it should be used by Canada as trump card in the renegotiation of the North American Free Trade Agreement. The document also says the main reason former President Barack Obama rejected the project — that it would have undercut its ability to influenc [Read more]

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