Canada sees U.S. approving Keystone pipeline

Reuters News
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Posted: Dec 02, 2011 1:28 PM

TORONTO (Reuters) - Canada believes the United States will ultimately approve TransCanada's proposed Keystone XL pipeline, which Washington last month put on hold for more than a year, Natural Resources Minister Joe Oliver said on Friday.

Oliver, speaking to a Reuters editorial board, said the project still made enormous economic sense for the United States. A recent decision by the state of Nebraska to back changes to the pipeline's route was significant, he added.

"I think it will go through, but obviously later than we had hoped," he said.

(Reporting by David Ljunggren and Jeffrey Jones; editing by Janet Guttsman)