It would be "difficult" to start up the Keystone XL pipeline in the second half of 2015 because of approval procedures for the project, said Russ Girling, president and CEO of TransCanada. The State Department's final environmental impact statement for the pipeline may be released in "weeks, not months," and there will be a 90-day study to determine whether the project is in the national interest, he said. TransCanada would then need 24 months to construct the line.

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