Keystone Crude-Oil Pipeline Expansion Draws Strong Support, Fierce Opposition, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 10/19/11 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The U.S. State Department is finding its diplomatic skills put to the test by a hotly contested, international crude-oil proposal. Because the $7 billion, 1,700-mile Keystone Gulf Coast Expansion Project (Keystone XL) crude oil pipeline would cross the U.S.-Canada border, the State Department is the lead U.S. agency in determining whether construction of the pipeline should move forward. A final decision from the department is expected by the end of the year.
The expansion project, proposed by (NYSE: TRP) (Calgary, Alberta), has the strong support of the Canadian government. Unions, oil companies and the U.S. Chamber of Commerce also support the expansion. But environmental organizations, a few movie stars, some elected officials, farmers and ranchers, and dozens of Democratic members of Congress fiercely oppose it.
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Datum: 19.10.2011 - 04:20 Uhr
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