Keystone XL Pipeline Decision Could Affect Oil-Sands Development

Bloomberg reported that the United States’ decision on the 875-mile US portion of the Keystone XL Pipeline could accelerate or slow down investments in Canada’s oil sands.

As quoted in the market news:

Stopping the pipeline would mean continued discounted prices for Canadian crude, making it harder for producers to sell their commodity at a profit and potentially slowing oil-sands development.

Click here to read the full Bloomberg report.