Canadian Firm Optimistic About Oil Pipeline

The Canadian company that wants to build another oil pipeline to carry crude oil to Gulf Coast refineries remains optimistic about the project after President Barack Obama won re-election.

 

 

 

 

OMAHA, Neb. (AP) - The Canadian company that wants to build another oil pipeline to carry crude oil to Gulf Coast refineries remains optimistic about the project after President Barack Obama won re-election.

TransCanada spokesman Shawn Howard says the company believes Obama will eventually approve the Keystone XL project once it reaches his desk next year because it will deliver oil from a friendly country.

But Howard says TransCanada is focused on finalizing the pipeline's new route through South Dakota and Nebraska.

State regulators will hold a public hearing on it December 4th.

Pipeline opponent Jane Kleeb of Bold Nebraska says her group continues to oppose the project and plans to try to persuade Obama and Nebraska officials to reject it.

The proposed Keystone XL project would also accept crude from Montana and North Dakota's Bakken oil shale formation.

(Photo Credit:  KFGO File Photo)

 

AP

   

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