TransCanada Keystone XL Pipeline Faces Political Peril: Ian Doig

The Energy Report: After months of debate, the U.S. State Department recently announced that it would take another year to study alternative routes for TransCanada Corp.’s (TRP:TSX) proposed $7 billion (B), 2,700 kilometer Keystone XL Pipeline system. Why the departure from previous federal statements that the project, which filed its application in 2008, was on track for approval to begin pumping in 2013? Ian Doig: Since the State Department issued its positive report in August, TransCanada’s system faced many roadblocks that it couldn’t jump over. The Inspector General ordered a special review on the work that Cardno ENTRIX of Houston had conducted on Keystone XL’s economic impact study. The firm had previously done work for TransCanada and identified the . . . → Read More: TransCanada Keystone XL Pipeline Faces Political Peril: Ian Doig