TransCanada pushes Keystone XL pipeline project start to 2016

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Posted: Tuesday, November 19, 2013 12:00 am

TransCanada Corp. pushed the start date for its $5.4 billion Keystone XL oil pipeline into 2016, the second delay this year as the company awaits U.S. approval for the project.

The pipeline, which would stretch from Alberta’s oil sands to the U.S. Gulf Coast, can begin operating no sooner than two years after it gets a U.S. presidential permit, Chief Executive Officer Russ Girling said in an interview Tuesday. With the permit expected early next year, “there’s no way we can get it done faster than two years,” Girling said.

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