More On The Keystone XL Pipeline

Keystone XL pipeline future dependent on shippers

"Contract clause allows pipeline backers to jump ship if project delayed"

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"Further delays to TransCanada Corp.’s Keystone XL pipeline could sound a death knell for the massive Alberta-to-Texas bitumen line if shippers pull out, according to industry observers.

The $7-billion project was dealt a blow Thursday after the U.S. State Department put off a decision on the transborder line until early 2013 to review alternative routes, citing public concerns about XL traversing a sensitive water resource.

At a minimum the U.S. ruling presents a delay, at worse it could see key financial support being withdrawn from the $7-billion pipeline, said analysts."

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