Enbridge’s Oil-Sands Pipeline Gains from Delays to Keystone XL
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Enbridge Inc. may win more customers and better financial terms for its new oil-sands pipeline project while an expanded government review delays TransCanada Corp.’s rival Keystone XL line.
The U.S. State Department ordered further study of alternate routes for Keystone XL to avoid environmentally sensitive areas in Nebraska, where opposition to the project has grown. TransCanada’s 1,661-mile (2,673-kilometer) pipeline will carry crude from Canada to the Texas Coast.