Transcanada Keystone Xl Pipeline Delayed: U.S. State Department
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The U.S. State Department announced it is delaying a decision on TransCanada Corp.’s proposed Keystone XL oil pipeline to study an alternative route for the $7 billion project that avoids environmentally sensitive areas in Nebraska.
The effort to find an alternative route will postpone a final decision on the pipeline. Further study “could be completed as early as the first quarter of 2013,” the department said.