Flaherty pessimistic on Keystone pipeline

Ottawa may consider exporting to Asia instead, he says

If Washington is ready to push back a decision on the Keystone pipeline project to deliver Alberta oil to Texas until after the U.S. election next year, Ottawa may be ready to consider other options, such as shipping the crude to Asia instead, Finance Minister Jim Flaherty said on Thursday. “The decision to delay it that long is actually quite a crucial decision. I’m not sure this project would survive that kind of delay,” the minister told Bloomberg in an interview at the Asia-Pacific Economic Cooperation summit in Honolulu, Hawaii. “It may mean that we may have to move quickly to ensure that we can export our oil to Asia through British Columbia.”


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