Keystone Report Said Likely to Disappoint Foes on Climate

The U.S. State Department is preparing a report that will probably disappoint environmental groups and opponents of the Keystone pipeline, according to people who have been briefed on the draft of the document.

While the report will deviate from a March draft in some ways to the liking of environmentalists, the changes won’t be as sweeping as they had sought, several people familiar with the government’s deliberations over the review told Bloomberg News. Changes could still be made to the report before its release, which may come tomorrow.