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U.S. Ruling on Keystone XL Pipeline Could Slip Again, Analyst Says

Dec 21, 2012
(Reuters)

A top risk-management analyst warned on Friday that a decision by Washington on TransCanada Corp's (TRP.TO) Keystone XL pipeline could get delayed again into next summer, adding more pressure to already deeply discounted Canadian oil prices.

The U.S. State Department has said it will rule on the $5.3 billion Canada-to-Nebraska pipeline by the end of March, assuming Nebraska approves a new route that skirts an environmentally sensitive region in the state.

However, Robert Johnston, director of global energy and natural resources for the Washington-based Eurasia Group, said environmental groups will press for public hearings on the department's new environmental impact statement on the project, expected shortly, and push for an Environmental Protection Agency review of the study.