- The State Department's review of TransCanada's (TRP) Keystone XL oil pipeline is expected to say that the project is unlikely to significantly increase carbon emissions, reports say, as oil sands in Alberta will be developed anyway. The 800,000 barrels-a-day line would transport crude from the Canadian province to refineries in the U.S.
- Such a conclusion would be similar to a draft report in March. President Obama has said that he'll only approve Keystone if it won't cause an increase in carbon pollution.
- The assessment could be released today, after which eight government agencies will have 90 days to comment on it.
Reports: Keystone review to play down carbon concerns
Jan 31 2014, 04:05 ET