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TORONTO (AP) -- The company behind the controversial Keystone XL pipeline from Canada to the U.S Gulf Coast has asked the U.S. State Department to pause its review of the project.
TransCanada said Monday a suspension would be appropriate while it works with Nebraska authorities for approval of its preferred route through the state. The move comes before the Obama administration was widely expected to reject it.
For seven years, the fate of the 1,179-mile (1,900 kilometer) long pipeline has languished amid debates over climate change, the intensive process of extracting Alberta's oil and U.S. energy security
The pipeline has long been a flashpoint in the U.S. debate over climate change. Critics oppose the concept of tapping the Alberta oil sands, saying it requires huge amounts of energy and water, increases greenhouse gas emissions.
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Transcanada Pipelines Ltd.
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CODE : TRP.TO |
ISIN : CA89353D1078 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Transcanada Pipelines is a producing company based in Canada. Transcanada Pipelines is listed in Canada. Its market capitalisation is CA$ 42.6 billions as of today (US$ 31.1 billions, € 29.1 billions). Its stock quote reached its lowest recent point on February 18, 2000 at CA$ 10.00, and its highest recent level on February 21, 2020 at CA$ 76.58. Transcanada Pipelines has 867 229 952 shares outstanding. |