Canada is confident US President Barack Obama will approve the construction of the controversial Keystone XL pipeline that he previously rejected, a government minister said Wednesday. Obama, who was re-elected on Tuesday, denied approval for part of the $7 billion pipeline earlier this year while the US State Department asked for a new route to avoid environmentally sensitive areas as it carries oil from Canada’s tar sands to US refineries on the Gulf coast. A southern leg of TransCanada Corporation’s pipeline was later approved but the northern portion still needs State Department approval because it crosses the border. Read more: http://www.rawstory.com/rs/2012/11/07/canada-confident-obama-will-approve-keystone-xl-pipeline/
