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State Department

Keystone Pipeline Decision Delayed Again

The State Department announced Friday that is has extended the review period of TransCanada's [s:TRP] Keystone XL pipeline. The federal government would wait and see whether the pipeline's route is changed as a result of litigation in Nebraska state court, a State Department official said. The final State Department decision had been expected by the end of May. The pipeline would allow delivery of up to 830,000 barrels of oil a day from Western Canada and the Bakken Shale Formation to Steele City, Neb.. Analysts said that, as a practical matter, the pipeline decision now might not come until after the November midterm elections. Environmental groups applauded the decision while supporters of the pipeline decried it.Copyright © 2014 MarketWatch, Inc....

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