Republican control of the U.S. Senate has made approval of the Keystone pipeline imminent.
The controversial $8 billion project, skillfully delayed for years by
U.S. President Barack Obama, would transport oil sands crude from
Canada to refineries on the U.S. Gulf Coast.
TransCanada Corp. (NYSE: TRP), the company building the Keystone XL pipeline,
would be the greatest beneficiary of its approval, of course. But
dozens of other companies also figure to gain from the project.
With the Democrats soon to be the minority party in the Senate,
Majority Leader Harry Reid, D-Nev., will lose his power to block voting
on Keystone XL pipeline bills, as he has done for years. (more)
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