Canada sees U.S. approving Keystone pipeline

Reuters News
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.

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"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)