Report: US to seek new Keystone route, delaying approval

posted by
November 10, 2011
Reuters    
Posted in News, PND News

"The Obama administration plans to announce on Thursday it will explore a new route for a Canada-to-Texas oil pipeline, delaying a final approval beyond the 2012 U.S. election, sources briefed on the matter said. The decision would be a victory for environmentalists, many of whom oppose the pipeline, and a setback for TransCanada Corp, whose $7 billion Keystone XL project is seen as the most important North American oil pipeline plan for decades." [editor's note: I have some friends who took a long bus trip to D.C. last weekend who are certainly cheering now - SAT] (11/10/11)

http://tinyurl.com/7fy8ucn  

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