An interesting news article on the Keystone pipeline being built by TransCanada.
TransCanada Pipeline Gets State Dept. Approval
A proposed oil pipeline that would deliver Canadian crude to U.S. refineries passed another regulatory hurdle.
TransCanada Corp. received a Final Environmental Impact Statement from the State Department that says its planned Keystone Pipeline project would result in limited adverse environmental impacts.
The company expects a decision in February on a presidential permit authorizing the construction and operation of the facilities at the U.S.-Canada border. The Final Environmental Impact Statement is a requirement for the presidential permit process.
TransCanada plans to start construction this spring on the 590,000-barrel-a-day Keystone pipeline. Its 2,148-mile route will pass through North Dakota, South Dakota, Nebraska, Kansas and Missouri on the way to terminals in Illinois and Oklahoma.
This may be a good long term investment. Ticker symbol is TRP.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment