National Post

U.S. to seek new Keystone route, delaying approvalThe United States will study a new route for the Keystone XL Canada-to-Texas oil pipeline, U.S. officials said on Thursday, delaying any final approval beyond the U.S. 2012 election and sparing U.S. President Barack Obama a politically risky decision for now.The delay was a victory for environmentalists who say oil sands crude development emits large amounts of greenhouse gases. It would deal a blow to companies developing Alberta’s oil sands and to TransCanada Corp, which planned to build and operate the conduit.Analysts have said a long delay could kill the $7-billion project because it would cause shippers and refiners to look for alternative routes to get Canadian oil sands crude.

U.S. to seek new Keystone route, delaying approval
The United States will study a new route for the Keystone XL Canada-to-Texas oil pipeline, U.S. officials said on Thursday, delaying any final approval beyond the U.S. 2012 election and sparing U.S. President Barack Obama a politically risky decision for now.

The delay was a victory for environmentalists who say oil sands crude development emits large amounts of greenhouse gases. It would deal a blow to companies developing Alberta’s oil sands and to TransCanada Corp, which planned to build and operate the conduit.

Analysts have said a long delay could kill the $7-billion project because it would cause shippers and refiners to look for alternative routes to get Canadian oil sands crude.

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