Keystone XL’s builder faced darkening prospects

by BRUCE WALLACE  |  published on November 3, 2015

Faced with dimming prospects for approval, the Canadian company behind the proposed Keystone XL pipeline chose to plead with the U.S. government for a delay on its fate, signaling that prolonged uncertainty is preferable to rejection of the $8 billion project.

Monday’s appeal by Calgary-based TransCanada Corp has been widely interpreted as an attempt to avert an impending “no” from President Barack Obama to the nearly 1,200-mile (2,000-km) cross-border pipeline. Keystone XL would carry heavy crude oil from Alberta to Nebraska and on to Gulf Coast refineries, and has become the symbolic heart of a struggle between environmentalists opposed to oil sands development and defenders of fossil fuels.

The U.S. State Department said it had received a letter from TransCanada asking for the delay but a spokesperson said the review would continue for now.

TransCanada spokesman Mark Cooper said the company would not speculate on what the decision may be or when it may come.

  • bobnstuff

    This is what happens when your bought and paid for politicians don’t get re-elected. The good thing is that the part of the pipeline that hauls US oil is finished and working. We really don’t need oil from Canada that is headed to China going through our country.

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