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Canada fin min and U.S. Treasury' s Jack Lew to discuss Keystone pipeline

BY PAUL VIEIRA
 
OTTAWA -- Canadian Finance Minister Jim Flaherty will hold his first bilateral meeting with U.S. Treasury Secretary Jack Lew this weekend while in Washington for the Group of 20 meeting of finance and central bank chiefs, and is likely to discuss the fate of the proposed Keystone XL pipeline, a Canadian government official said Tuesday.

The official said the meeting will unfold on the sidelines of the spring gathering of the G-20 and International Monetary Fund, which starts Thursday.

TransCanada' s Keystone XL project proposes to carry heavy crude from the Alberta oil sands to the U.S. Gulf Coast for refining. But the project has generated stiff opposition from U.S. environmentalists and prominent Democratic policymakers.

After initially rejecting the project early last year, U.S. President Barack Obama is set to rule on it again sometime later this year.

The Canadian official said the two finance chiefs will likely discuss U.S. efforts to stabilize deficit and debt levels, with Mr. Flaherty likely to seek reassurance about U.S. administration efforts to develop a medium-term fiscal plan.

Dow Jones Newswires

04/16/2013

 

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