Transcanada Oil Pipeline | featured news

TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. It is now looking at a late-2015 start-up.

"They lied to the American people," Bishop said. Texas County Court at Law Judge Jack Sinz signed a temporary restraining order and injunction Friday, saying there was sufficient cause to halt work until a hearing Dec. 19. The two-week injunction went into effect Tuesday after Bishop posted bond. David Dodson, a spokesman for TransCanada, said courts have already ruled that tar sands are a form of crude oil. He said the injunction will not delay the project.