State Department Finds No Major Climate Flaws With Keystone

Law360, New York (January 31, 2014, 4:57 PM EST) -- The U.S. Department of State gave Keystone XL pipeline proponents reason for optimism Friday, releasing a final supplemental environmental impact assessment for TransCanada Corp.'s controversial project concluding the pipeline is unlikely to significantly increase the rate of oil sands drilling or heavy crude demand.

The report finds that the construction and operation of the pipeline is only one part of the larger global greenhouse gas emissions picture. The oil will likely be extracted from the ground whether or not the pipeline is built, according to the...
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