A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne North Dakota

Canada PM not hopeful that Obama will approve Keystone pipeline

A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne North DakotaCanadian Prime Minister Stephen Harper said on Wednesday he was not hopeful that the United States would approve the northern leg of TransCanada Corp’s controversial Keystone XL pipeline. Harper also told Bloomberg Television that if President Barack Obama did veto the project, which is currently under review, he was confident a future U.S. administration would grant approval. The U.S. government – under pressure from environmentalists to block the pipeline – has repeatedly delayed a decision on Keystone XL, which would take crude from Canada’s tar sands to U.S. refineries.

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