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Market Chatter: Market Chatter: Keystone Foes Downplay Senate Vote Hailed by Supporters

"Environmentalists reacted swiftly to downplay a bipartisan Senate vote backing the Keystone XL pipeline, which supporters said underscored widening political support for the project," Bloomberg reported.

It said: "The Senate approved 62-37 language that encourages development of the $5.3 billion pipeline, which would link Alberta's oil sands and refineries along the Gulf Coast. Seventeen Democrats joined all Senate Republicans on March 22 to add the pipeline amendment to the budget plan that is at odds with the House version."

It added: "Environmentalists are opposing the pipeline that they say would increase emissions of gases tied to climate change. President Barack Obama 14 months ago denied a permit for the pipe, citing concerns tied to Nebraska's drinking water, and Calgary-based sponsor TransCanada Corp. (TRP.TO) refiled with a new route

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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