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TransCanada’s Keystone pipeline clears hurdle

NEW YORK (MarketWatch) — The $13 billion Keystone XL Pipeline cleared a key bureaucratic hurdle on Friday even as environmental groups vowed to continue fighting the project.

The U.S. State Department released its final Environmental Impact Statement for the Keystone XL Pipeline to bring fossil fuel from the Canadian oil sands to the U.S.

State Department official Kerri-Ann Jones said the report concludes there would be “no significant impacts to most resources along the proposed pipeline corridor,” according to a transcript of a press conference.

“However, with that statement, there are a lot of follow-on descriptions as to steps that the applicant is required to take and has agreed to take in terms of complying with all applicable laws and regulations,” said Jones, assistant secretary for State Department’s Oceans and International Environmental and Scientific Affairs.

Full story: TransCanada’s Keystone pipeline clears hurdle – MarketWatch.