BREAKING NEWS

Canada defiant after US oil pipeline rebuff

By REUTERS

NOVEMBER 11, 2011 00:46

OTTAWA - Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a US decision to delay approval of a pipeline to carry the oil from Alberta to Texas, the country's energy minister said on Thursday.

The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process.

The US move to put off a decision on whether to approve TransCanada Corp's proposed $7 billion Keystone XL pipeline for 18 months is a significant blow for Ottawa, which has strongly backed the project.

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