Keystone Oil Pipeline Assessment Signals U.S. Approval
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A long-awaited environmental assessment of TransCanada Corp.’s Keystone XL pipeline cheered oil executives who see it as a signal the Obama administration will approve a project that has come to be viewed as a fight between jobs and the environment.
The draft assessment, released yesterday by the U.S. State Department, makes no recommendation as to whether the Keystone pipeline should be built, and an administration official cautioned the report was a work in progress.