U.S. Judge Halts Keystone XL Oil Pipeline

According to Reuters, a U.S. judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States.

The ruling of a U.S. Court in Montana late on Thursday dealt a setback to TransCanada, whose stock fell 1.7 percent in Toronto.

The judge said that a U.S. State Department environmental analysis of Keystone XL “fell short of a ‘hard look’” at the environmental effects and the impact on Native American land resources.