TransCanada Reapplies For Keystone Cross-Border Permit

Law360, Los Angeles (January 26, 2017, 8:20 PM EST) -- TransCanada Corp. submitted its presidential permit application Thursday to the U.S. Department of State for approval of the Keystone XL pipeline, just two days after President Donald Trump pledged to renegotiate terms to get the controversial project underway.

A press release from TransCanada said it submitted the application for approval, the second after the company's first bid was rejected by former President Barack Obama in November 2015 to the cheers of environmentalist and activists who were concerned about the project. But Trump has thrown his weight behind getting the pipeline under construction as a path to economic growth.

"This privately funded...

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