A 67 month approval process? From the Argus Leader:
The chief executive of TransCanada Corp. said Friday the long-delayed Keystone XL pipeline that would cross western South Dakota and Nebraska will be in service months later than expected and cost more because of the wait for U.S. government approval.
TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. It now is looking at a mid to late-2015 start-up.
CEO Russ Girling noted on a conference call with analysts detailing first quarter results that the controversial pipeline is in its 67th month of the approval process.
The pipeline has become a flash point in the U.S. debate over climate change. Republicans and business and labor groups have urged the Obama administration to approve the pipeline as a source of much-needed jobs and a step toward North American energy independence. Environmental groups have pressured President Obama to reject the pipeline, saying it would carry “dirty oil” that contributes to global warming. They also worry about a spill.