Retired executive with TransCanada feels Keystone can still be salvaged

A retired executive with pipeline builder TransCanada Corp. says the long-stalled Keystone XL project can still be salvaged — if Justin Trudeau acts swiftly on climate change. Dennis McConaghy, who was in charge of developing new pipeline opportunities at TransCanada, says putting a price on carbon is the last option Canada has available to make the case for the cross- border oilsands pipeline. In a blog post for the Niskanen Center, a libertarian thinktank, McConaghy says failure to do so was a missed opportunity for the outgoing Tory government, but he has hope the Liberals will see things differently. U.S. President Barack Obama has made it clear he won’t allow the project to be built if it worsens climate change.