Keystone XL could cost $10bn: TransCanada

摘要

The cost of the long-delayed Keystone XL oil pipeline could balloon to $10bn as court challenges against the bitumen line drag on, TransCanada said. The Alberta-to-Texas oil line has been in regulatory limbo since President Barack Obama rejected the northern section of the project during a dispute with Congress in 2012, four years after Calgary-based TransCanada applied for permits to build the pipeline. He said the company could reapply, but the process has been slowed repeatedly.