Keystone Pipeline May Not 'Survive' U.S. Delay, Flaherty Says |
| San Francisco Chronicle - Nov 11, 2011 |
The U.S. State Department's decision to delay its review of TransCanada Corp.'s $7-billion Keystone XL pipeline until after next year's presidential election may doom the project and accelerate Canada's efforts to ship crude to Asia, Canadian Finance Minister Jim Flaherty said.
"The decision to delay it that long is actually quite a crucial decision. I'm not sure this project would survive that kind of delay," Flaherty said yesterday in an interview at the Asia-Pacific Economic Cooperation summit in Honolulu. "It may mean that we may have to move quickly to ensure that we can export our oil to Asia through British Columbia."
The deferral on Keystone XL is a blow to the government of Prime Minister Stephen Harper, who called U.S. approval of the pipeline a "no brainer." Canadian officials underestimated the strength of resistance to the project by Nebraska farmers and environmentalists, political and foreign-policy experts said.
Read Full Article from San Francisco Chronicle
- Posted: 2011-11-11 11:53:58
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