December 26, 2012

U.S. May Punt Again on Keystone

Jeffrey Jones, Financial Post


A top risk-management analyst warned on Friday that a decision by Washington on TransCanada Corp’s Keystone XL pipeline could get delayed again into next summer, adding more pressure to already deeply discounted Canadian oil prices. The U.S. State Department has said it will rule on the $5.3 billion Canada-to-Nebraska pipeline by the end of March, assuming Nebraska approves a new route that skirts an environmentally sensitive region in the state.

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TAGGED: US State Department, Nebraska, Obama Administration, Keystone Pipeline