TransCanada COO Alex Pourbaix said he is cautiously optimistic about the prospects for the Keystone XL Pipeline and the U.S. pipeline business.
"In terms of the U.S., one of President Trump's real significant focuses is streamlining regulations," said Pourbaix, speaking at the CERAWeek by IHS annual energy conference. "So far, so good."
The controversial Keystone XL Pipeline got a push forward from the Trump administration. Last week, the White House said the Keystone would be exempted from Trump's new order that all pipelines be built with U.S. steel.
"I think we are cautiously optimistic with respect to Keystone and the projects in the U.S. We are seeing some green shoots of optimism in the pipeline sector," he said.
The pipeline would take 800,000 barrels a day of oil from Alberta, Canada to Steele City, Nebraska, for shipment to Gulf Coast refineries. "There's always been a strong supply-and-demand" story for Keystone, Pourbaix said. "We are very confident we will meet all of the expectations of our regulator."