Jan 31 Transcanada Corp's chief executive said on Friday he was "very pleased" with the release of a U.S. State Department review on Keystone XL, which played down the impact the 1,179-mile (1,898 km) pipeline would have on climate change.
"We are very pleased with the release and being able to move this next stage of the process," said Russ Girling on a conference call. "It's been long in getting here, but obviously as a company we're well prepared to move into this next phase."
The pipeline will now move into the final stage of the review process. If approved, construction is set to take about two years.
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For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter. Full Article