- The U.S. State Department issues an environmental assessment of a revised route for TransCanada's (NYSE:TRP) Keystone XL pipeline that concludes it would not harm water or wildlife.
- Implementing the revised route would have “no significant direct, indirect or cumulative effects on the quality of the natural or human environments," says the nearly 340-page draft review.
- A federal judge in Montana last month ordered the State Department to conduct the review of Keystone XL's revised route to take into account new information relevant to a permit it issued for the pipeline last year.
- RBC analyst Robert Kwan says the draft review is a “positive step” for Keystone XL.
- TRP CEO Russ Girling said last month that the company could make a final investment decision on the project late this year or early 2019, pending regulatory approvals and court challenges.
- Now read: TransCanada Vs. Enbridge: Which Is A Better Choice For Dividend Investors?
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