TransCanada Expects Approval ‘Very Soon’ for Keystone XL

TransCanada Corp. Chief Executive Officer Russ Girling expects approval “very soon” for the $5.3 billion portion of the Keystone XL oil pipeline that crosses the U.S.-Canada border.

“I suspect we’re looking at anything from a few weeks to a couple of months,” Girling said in an interview at Bloomberg headquarters in New York today. The U.S., which rejected a permit last year, is reviewing the project again after the route through Nebraska was changed.