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Shell CFO: Confident US Government Will Approve Keystone XL Pipeline

By Selina Williams: Published November 20, 2012 by Dow Jones Newswires

Royal Dutch Shell PLC (RDSA) is confident the U.S. government will approve the controversial Keystone XL pipeline extension that will carry crude from western Canada to the U.S. Gulf Coast, its chief financial officer Simon Henry said Tuesday.

“We remain confident the U.S. government will take a balanced view…and allow the full extension to proceed,” Mr. Henry told a Canadian energy event in London.

The re-election of President Barack Obama has revived hopes the oil pipeline will gain government approval after environmentalists were instrumental in getting the scheme blocked last year.

The extension of the pipeline would benefit big refineries on the U.S. Gulf Coast, including Shell’s Port Arthur refinery joint venture with Saudi Aramco, Mr Henry added.

Write to Selina Williams at [email protected]

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