Canada PM says KXL will be approved eventually

Canadian Prime Minister Stephen Harper told an audience of executives in New York yesterday that the eventual approval of the Keystone XL pipeline is inevitable.

"I'm not going to speculate on timelines other than to say the obvious benefits and merits of the project.... mean that the logic is it will be approved at some point in the future," he said. "I think its eventual approval under the right circumstances is inevitable."

Harper also said that while increased US oil production has changed the economics of the industry, the need for the pipeline has not vanished.

"Obviously there's been a great growth in United States energy production capacity. We view that as a good thing but ... American self-sufficiency is a long way off," he said.

The debate in the United States on approving the pipeline, which would take crude from the Alberta oil sands to US Gulf Coast refineries, is now in its sixth year.

Edited from various sources by Elizabeth Corner

Sources: Reuters, The Globe and Mail

Read the article online at: https://www.worldpipelines.com/business-news/25092014/canada-pm-says-kxl-will-be-approved-eventually/