According to Russell Girling, President and Chief Executive Officer for TransCanada Corporation, delays in building infrastructure that delivers oil and gas to markets results in “lost opportunity” not just for North America but also for the entire world.
“The demand for energy is going to continue to grow, and as we have stalled development, other have taken market shares. And that’s simply a lost opportunity of no benefit to the environment which, I think, has been the argument to slow this (development) down” Girling said, addressing delegates at CERAWeek by IHS Markit held recently in Houston, Texas. “There are others that supply energy globally, and we have this opportunity here in North America where we have this abundant resources,” Girling said. “It would be a tragedy on this continent, where we have three democracies, didn’t develop its resources and apply that to the needs of the rest of the world.”
Steven Kean, President and Chief Executive Officer for Kinder Morgan; Brian McCabe, Managing Director and Co-Head of Americas Oil and Gas Group at Credit Suisse and Kelcy Warren, Chief Executive Officer and Chairman of the Board of Directors for Energy Transfer Partners joined Girling on the panel titled “Building Tomorrow’s North American Infrastructure.” Dr. Daniel Yergin, Vice Chairman of IHS Markit and Chairman of CERAWeek moderated the session.
Read this article in its entirety in the May issue of BIC Magazine.
Dr. Daniel Yergin, Vice Chairman, IHS Markit and Chairman, CERAWeek (left); Russell Girling, President and Chief Executive Officer for TransCanada Corporation; Kelcy Warren, Chief Executive Officer and Chairman of the Board of Directors for Energy Transfer Partners; Steven Kean, President and Chief Executive Officer for Kinder Morgan and Brian McCabe, Managing Director and Co-Head of Americas Oil and Gas Group at Credit Suisse