The latest delay of the 1,700-mile XL Keystone pipeline – under consideration by Canada and the United States since 2008 – follows the Environmental Protection Agency’s demand that the State Department produce a second environmental impact statement (EIS) after deeming the first one “inadequate.” – CNSNews

By Penny Starr at CNSNews.com

EXCERPTS:

The move has sparked reaction from the oil and natural gas industry on both sides of the U.S. and Canadian border, particularly at a time when high gas prices and turmoil in the Middle East are putting pressure on the Obama administration to reduce dependency on foreign oil by developing domestic reserves and partnering with friendly oil resources.

The American Petroleum Institute (API) called the delay “new environmental hurdles” to block a “much-needed pipeline” that would transport Canadian oil sands crude. “It is past time for the administration to approve this important infrastructure investment,” Jack Gerard, president and CEO of API, said in a statement issued on the same day as the State Department’s.

TransCanada, the company in charge of the project, noted that Keystone XL “has been under review since 2008 and we are confident we have addressed the major questions raised by regulators and government agencies,” Russ Girling, TransCanada’s president and CEO, said in a statement.

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