11:28:29 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 707,596,449
Close 2014-04-17 C$ 51.30
Market Cap C$ 36,299,697,834
Recent Sedar Documents

Post/CP say U.S. delays TransCanada XL decision, again

2014-04-21 09:38 ET - In the News

The National Post reports in its Saturday edition the Canadian government demanded an answer immediately on the Keystone XL pipeline and the answer from the U.S. government amounts to: Maybe next year. A Canadian Press dispatch to the Post says the project is now paralyzed for an indefinite period, with the U.S. administration Friday announcing another delay in a process already beset by political and legal challenges. The announcement made it clear that Canadian pipeline backers will not get the answer they wanted in time for the summer construction season, pushing completion of the project at least until 2015. The U.S. State Department said it needs more time to prepare its recommendation to the President because the pipeline route is mired in uncertainty. A legal dispute is under way in Nebraska over the route and it is unlikely to be resolved before next year. Eight federal agencies were informed Friday that they will be granted additional time to weigh into the process. The administration of President Barack Obama insisted the delay was about analyzing the right pipeline route -- and not at all about flinging a political hot potato beyond November's congressional elections.

© 2024 Canjex Publishing Ltd. All rights reserved.