TransCanada Remains Optimistic About Keystone XL Pipeline

Posted: 08 November, 2012

OMAHA (AP) - The Canadian company that wants to build another oil pipeline to carry crude oil to Gulf Coast refineries remains optimistic about the project after President Barack Obama won re-election. TransCanada spokesman Shawn Howard says the company believes Obama will eventually approve the Keystone XL project once it reaches his desk next year because it will deliver oil from a friendly country. But Howard says TransCanada is focused on finalizing the pipeline’s new route through Nebraska. State regulators will hold a public hearing on it in Albion on Dec. 4.