Friday, October 9th13.1°C

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

Recent Trending

Today's Market
S&P TSX13978.66+110.31
S&P CDNX547.04+4.59
S&P 5002013.43+17.60
CDN Dollar0.7724+0.0039
Natural Gas2.489-0.009

Okanagan Companies
Pacific Safety0.23+0.01
QHR Technologies Inc1.23-0.02
Metalex Ventures0.05+0.00
Russel Metals21.55-1.57
Copper Mountain Mining0.61-0.02
Colorado Resources0.07-0.01
ReliaBrand Inc0.0166+0.0135
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.08-0.01
Decisive Dividend Corp3.11-0.10
Diamcor Mining0.94+0.06



2442714luxurious townhouse in Rose Valley!
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council