Thursday, September 18th18.8°C
19716
22924

Canadian officials encouraged by forthcoming State report on Keystone XL

WASHINGTON D.C., - Canadian officials in both Washington and Ottawa say they're encouraged by what they're hearing about a forthcoming State Department report on the potential environmental impact of the Keystone XL pipeline.

The officials, speaking on condition of anonymity because the report is not yet public, say it could be ready for release within days and will bolster the case for the controversial energy project.

One source in Washington warns, however, that there won't be any "high-fiving and tasting champagne" at the Canadian embassy just yet, given how prone the Keystone XL project has been to lengthy delays.

The report is the second environmental impact statement on the $7-billion TransCanada project to come from the State Department, which has jurisdiction because the pipeline crosses an international boundary.

The first, released last March, concluded the project would not significantly impact the rate of oilsands development or crude oil demand, nor would it pose any greater risk to the environment than other modes of transportation.

Natural Resources Minister Joe Oliver says he expects the forthcoming report to draw the same conclusions as the last one.

Once that occurs, the U.S. administration will conduct a 90-day review to determine if the project is in the national interest.

The Canadian Press


Read more Business News

23171


Recent Trending




Today's Market
S&P TSX15465.54+6.66
S&P CDNX965.79-6.72
DJIA17265.99109.14
Nasdaq4593.426+31.237
S&P 5002011.36+9.79
CDN Dollar0.9144+0.0067
Gold1225.90-10.00
Oil92.98-1.44
Lumber349.00+1.00
Natural Gas3.976-0.101

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.07
Cantex0.060.00
Anavex Life Sciences0.2261-0.01
Metalex Ventures0.060.00
Russel Metals37.01+0.64
Copper Mountain Mining2.68-0.05
Colorado Resources0.175+0.005
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.30+0.01

 



22970

FEATURED Property
19997845281 Coldham Rd
$350,000
more details
Click here to feature your property
Please wait... loading


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...

_



23109




Member of BC Press Council


22755