Friday, October 24th11.4°C
23888
23088

US report on environment impact of Keystone XL pipeline expected today: Report

WASHINGTON - A U.S. report says an environmental impact study into the Keystone XL pipeline project is likely to be announced on Friday afternoon.

CNN cites two senior administration officials and another unidentified source familiar with the timing.

Once the results are out, eight U.S. agencies will examine them, then send their observations to Secretary of State John Kerry. President Barack Obama would then decide whether or not to approve the pipeline.

A final decision may not come for several months, but this study is seen as a critical step in determining whether the project will go ahead.

If ultimately approved, the TransCanada Corp. (TSX:TRP) pipeline would ship bitumen from Alberta's oilsands to refineries on the U.S. Gulf Coast.

Supporters say the pipeline would reduce imports from overseas and create jobs while opponents warn against potential environmental damage.

One diplomat in Washington told The Canadian Press this week that the results are ‘‘going to be positive for the project.‘‘

Earlier this month, Foreign Affairs Minister John Baird was in Washington pleading for a quick decision. He said enough time had been lost on the project and didn't want to see another construction season wasted.

Kerry responded that there would be no fast-tracking the process.

The Canadian Press


Read more Business News

23845


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23216

FEATURED Property
2093443277 Sumac Road East
4 bedrooms 3 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22786