By Dow Jones Business News, March 06, 2013, 04:09:00 PM EDT
By Jerry A. DiColo
HOUSTON--Canada's Minister of Natural Resources Joe Oliver pushed for U.S. approval of TransCanada Corp.'s (TRP,
TRP.T) Keystone XL pipeline, calling Canada the "environmentally responsible choice" for the U.S. to meet its future
demand for energy.
Keystone XL "would deliver more than oil to the United States," Mr. Oliver said Wednesday in an address to the IHS
CERAWeek energy conference, in which he laid out his case for approval of the politically controversial pipeline. He
said the pipeline approval would create "tens of thousands of high-quality jobs" and "enhance energy security."
He also criticized opponents of the pipeline, which if approved would bring crude from Canada's oil sands to the Gulf
Coast, saying critics "engage in misrepresentation and hyperbole" regarding the environmental implications of the
"The oil sands is not going to destroy the planet," Mr. Oliver said.
Mr. Oliver's remarks come a week after a long-awaited State Department review of the Keystone XL pipeline.
The review failed to offer firm conclusions on the project's environmental impact, but lent support to backers in
finding that "there would be no significant impacts to most resources along the proposed route."
Additionally, the report said that regardless of whether the pipeline is built, it wouldn't influence the development
of Canada's oil sands.
Railroads and trucks can also carry the crude to refineries, and companies are in the process of developing pipelines
to Canada's east and west coasts as further outlets for the country's oil production.
A final decision on the pipeline isn't expected until this summer at the earliest. Mr. Oliver said that he is "not
anticipating a rejection" of the plan.
-Write to Jerry A. DiColo at firstname.lastname@example.org
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