A TransCanada Corp. executive has advice for people who oppose pipeline projects such as Northern Gateway, Energy East and Keystone XL.
He’s quoted by CBC News:
“I used to believe if we got 55 or 60 per cent [support] … we’d be off to the races,” said Alex Pourbaix, president of Energy and Oil Pipelines for TransCanada.
“And what I’ve found is that a very small minority of very vocal opponents, in any given community, can go a long way to harming your project.”
Pourbaix made the comments in a speech to the Atlantic Provinces Economic Council Outlook 2014 conference in Saint John on Thursday.
TransCanada will soon be seeking regulatory approval on its pipeline proposal, which would send send 1.1 million barrels of oil per day from Western Canada to refineries and export terminals in Eastern Canada…
While looking at the TransCanada annual reports, I noted that in the last fiscal year, the company’s net income was down 14%. In the world of major corporations, it’s heads the CEO wins and tails the shareholders lose. Accordingly, despite declining profitability in 2012, the remuneration of TransCanada’s CEO Russell Girling increased $145,000 a month, a 25% rise.
Categories: Income Inequality