From Reuters:

CALGARY, Alberta, Sept 20 (Reuters) - Canada’s National Energy Board said on Thursday it approved the Canadian portion of TransCanada Corp’s (TRP.TO: Quote, Profile, Research) $2.8 billion Keystone oil pipeline project, saying the project’s benefits would outweigh negatives that labor groups fear.

The NEB approved the conversion of 864 km (537 miles) of gas pipeline to oil transport use and construction of another 371 km (230 miles) of pipeline. The line would carry 435,000 barrels a day of oil to the U.S. Midwest and beyond from Alberta.