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Canada Confident Obama Will Move Keystone XL Pipeline Forward

Canada is confident US President Barack Obama will approve the construction of the controversial Keystone XL pipeline that he previously rejected, a government minister said Wednesday.

Obama, who was re-elected on Tuesday, denied approval for part of the $7 billion pipeline earlier this year while the US State Department asked for a new route to avoid environmentally sensitive areas as it carries oil from Canada’s tar sands to US refineries on the Gulf coast.

A southern leg of TransCanada Corporation’s pipeline was later approved but the northern portion still needs State Department approval because it crosses the border.

Source: AFP. Read full article. (link)

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