Tuesday, October 21st7.9°C
23836
22952

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

22551


Recent Trending




Today's Market
S&P TSX14468.87+131.101
S&P CDNX821.289.93
DJIA16499.2199.54
Nasdaq4387.486+71.411
S&P 5001928.05+24.04
CDN Dollar0.8911+0.0052
Gold1252.90+8.2001
Oil81.94+0.56
Lumber331.60+0.70
Natural Gas3.662-0.008

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.14+0.02
Cantex0.055-0.025
Anavex Life Sciences0.195+0.004
Metalex Ventures0.050.00
Russel Metals33.15+0.87
Copper Mountain Mining2.135+0.145
Colorado Resources0.145-0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



23718

FEATURED Property
19763033414 Merlot Way
5 bedrooms 4 baths
$624,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_





23545


Member of BC Press Council


23691