CALGARY, Alberta (Reuters) - Shares in TransCanada Corp
Shares in the company opened up 0.3 percent to C$47.95 on the Toronto Stock Exchange.
Late on Friday, the U.S. State Department issued its draft supplemental environmental impact statement on the proposed $5.3 billion line that would carry Alberta crude to Texas refineries. The report said building Keystone XL was unlikely to accelerate the development of Canada's oil sands or lead to a spike in greenhouse gas emissions.
A final decision from the Obama administration on whether the project can go ahead is not expected until July or August.
The report also helped boost other Canadian energy producers, including Meg Energy Corp
(Reporting by Alastair Sharp and Scott Haggett; Editing by James Dalgleish and Grant McCool)