According to Bloomberg, TransCanada, the company behind the proposed Keystone XL pipeline, believes a decision by the federal government on whether to approve the project will come sometime in the first quarter of next year.
Speaking at a conference in Calgary, Alberta, on Wednesday, Alex Pourbaix, TransCanada's president of energy and oil pipelines, said he believes the State Department will issue a final environmental review of the pipeline in the fall, paving the way for a final decision from the executive branch on Keystone XL by the end of March.
Pourbaix did say, however, that 2014 midterm elections could interfere in the decision-making process. "Obviously this is a political file," he said. "Sometimes big important issues get tabled in elections."
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