By Andrew Restuccia - 03/15/12 12:55 PM EDT
Former President George W. Bush said approval of the Keystone XL oil pipeline is a “no brainer,” according to Bloomberg.
A top Canadian official said he believes the pipeline will be approved, The Wall Street Journal reports.
Royal Dutch Shell was sued for contributing to climate change, Reuters reports.
Bloomberg reports: “Oil prices close to the highest since 2008 are increasing BP Plc (BP/)’s available cash as it negotiates a final bill with the Obama administration to pay for damages caused by the worst U.S. spill.”