Posted: Nov 11, 2011 7:41 PM by Michael Marsh
Updated: Nov 11, 2011 7:41 PM
Source: Associated Press
Canada says the Obama administration's decision to delay approval of an oil pipeline to the U.S. Gulf Coast is viewed as a signal it must diversity its oil exports toward Asia and not the United States. The delay about TransCanada's proposed Keystone XL pipeline is alarming to Canadian officials. Federal Natural Resource Minister Joe Oliver says the decision is disappointing and noted that China is "very eager" to get oil from Canada. The U.S. State Department says one section of the pipeline is under review because of environmentally sensitive areas of Nebraska and the study won't be finished until 2013.