US State Dept to assess Canada oil pipe next month

WASHINGTON, July 22 Fri Jul 22, 2011 2:16pm EDT

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WASHINGTON, July 22 (Reuters) - The U.S. State Department said Friday it expects to issue next month a final environmental assessment on TransCanada Corp's (TRP.TO) proposed $7 billion pipeline that would take petroleum from Canada's oil sands to refineries to Texas.

The pipeline has been opposed by many lawmakers and environmentalists for greenhouse gas emissions associated with oil sands production and because the line would run across one of the world's largest aquifers. The State Department expects to make a final decision on approval of the line by the end of the year.

(Reporting by Timothy Gardner)

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