Canadian Firm Optimistic About Keystone Oil Pipeline

OMAHA, Neb. (November 7, 2012)—TransCanada, 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 said the company believes Mr. 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 he said TransCanada is focused on finalizing the pipeline's new route through Nebraska.

State regulators will hold a public hearing on it Dec. 4.

Pipeline opponent Jane Kleeb of Bold Nebraska says her group continues to oppose the project and plans to try to persuade Obama and Nebraska officials to reject it.

Environmental groups worry the pipeline could contaminate underground water supplies and increase air pollution around refineries.

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