TransCanada’s Business

TransCanada claims that it will take full responsibility for the contamination of water if there is a spill from the pipeline. This said, they claim they will supply “an alternative water supply.” I bring up this point because it is a grand claim to make for a company who, in truth, has made pipelines primarily for natural gas. Looking at TransCanada’s Annual Report (from FEBRUARY 2011), the Keystone Pipeline is the only oil pipeline in use. The company lists prospects for three other pipelines on its website, none of which have been completed but have recieved “firm commitments.” Needless to say, the company is inexperienced in this field.

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