Obama rejects Keystone XL Pipeline proposal

But that doesn’t mean the end of the pipeline, or Canada’s tar sands.

The U.S. government has denied an application by TransCanada to build the Keystone XL pipeline, the State Department announced Wednesday.

A statement released by the department said it doesn’t preclude TransCanada applying again with a different route.

Natural Resources Minister Joe Oliver said the government hopes a new TransCanada application will be approved, but Canada is going to look to other markets to sell its oil.

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