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TransCanada's CEO confident Keystone XL will be approved

TransCanada’s CEO says the proposed $5.4-billion Keystone XL oilsands pipeline will be approved.

According to Reuters, yesterday at the  IHS CERAWeek energy conference in Houston, Russ Girling said the market is pushing the company to build it, and it’s the right thing to do.

Critics are concerned about greenhouse gas emissions and spills along the route from Alberta to the Gulf Coast.

Last month, U.S. President Barack Obama told U.S. governors he expects to make a decision in the next few months.

The project also hit a road block last month when a Nebraska judge ruled the state’s governor didn’t have authority to approve part of the project.