Canadian PM ready to introduce new carbon-emission rules for Keystone approval
BY PAUL VIEIRA and KEITH JOHNSON
OTTAWA -- Canadian Prime Minister Stephen Harper has told U.S. President Barack Obama that he's ready to work on a joint plan between the two countries to reduce carbon emissions in the energy sector in an effort to secure approval of the Keystone XL pipeline project, the Canadian Broadcasting Corp. reported Friday.
The CBC, citing unnamed sources, said Mr. Harper wrote to Mr. Obama in late August, signaling he is ready to accept carbon-reduction targets proposed by the U.S. and prepared to work with the White House to address concerns raised about Keystone and its impact on greenhouse-gas emissions.
A spokesman for Mr. Harper declined to comment on any correspondence between the Canadian and U.S. leaders. A White House spokesperson declined to confirm Mr. Obama had received Mr. Harper's letter.
TransCanada Corp.'s proposed Keystone XL project, which would carry heavy crude from Alberta to the U.S. Gulf Coast, has sparked high-profile and vocal opposition from U.S. and Canadian environmentalists, who are concerned it will encourage further development of the oil sands.
The project is presently under review by the U.S. State Department, but ultimate approval rests with Mr. Obama -- who has said approval would hinge on the pipeline project's impact on greenhouse-gas emissions.
Dow Jones Newswires