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Canada's Harper Optimistic for U.S. Keystone XL Approval


Canada is optimistic the United States will approve TransCanada Corp's controversial Keystone XL oil pipeline, Prime Minister Stephen Harper said on Thursday.

Speaking during a visit to India, Harper said a majority of U.S. companies and unions favored the $7 billion Canada-to-Texas oil sands pipeline. President Barack Obama said in January he would postpone a decision until 2013 on whether to approve the pipeline, which has drawn fire from environmentalists.

"The president has told me several times that he hasn't yet made a decision, that he will follow the regulatory process in the United States, and evidently the next steps will be very soon, and I remain optimistic," Harper told reporters.