Canadian Oil Likely an Early Item on the Agenda for the New US Congress

WASHINGTON—Canada’s stalled Keystone XL pipeline project is poised to become one of the first orders of business in the new U.S. Congress, where Tuesday’s Republican romp could end up impacting several cross-border industries.

There are hopes in Ottawa that the midterm results could spur movement on the controversial Canada-U.S. bitumen pipeline, as well as major free-trade negotiations and perhaps even meat-labelling rules that have hurt Canada.

Virtually every Republican asked about post-election plans has already mentioned Keystone XL as a top priority for the next Congress, a development that would be as detested by the environmental movement as it would be celebrated by oil industry supporters. Continue reading