Newspaper article The Canadian Press

National Audio 12:55 PM ET

Newspaper article The Canadian Press

National Audio 12:55 PM ET

Article excerpt

National Audio 12:55 PM ET

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NAT071 - (Keystone-XL-Analysts) CALGARY. x-15s. U-S President Donald Trump has given TransCanada Corporation a long-awaited presidential permit for the Keystone X-L pipeline, but analysts still aren't counting on it getting built. Justin Bouchard at Desjardins Capital Markets says the company still faces a long list of permits and approvals before it can start construction, especially in Nebraska where a state commission isn't expected to rule on the project until the end of the year. Bouchard says the project also faces competition from other proposed pipelines as oilsands growth slows, but that it's still a good fit for the industry. ("..oil to the U-S.") (SOURCE:The Canadian Press)

TAG: Environmental groups are also gearing up to block the pipeline, and have vowed that it will never be built. …

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