TransCanada To Break Ground On Part Of Keystone Pipeline

Law360, New York (February 27, 2012, 2:44 PM EST) -- TransCanada Corp. said Monday it would start building a major leg of the Keystone XL pipeline in the U.S., allowing the company to partially avoid the presidential permit process that has held up the controversial project.

In a letter to the U.S. Department of State, TransCanada said it would begin construction on a portion of the pipeline from Cushing, Okla., to the Gulf Coast that wouldn’t need a presidential permit.

As initially planned, the roughly 1,700-mile Keystone XL project would have expanded on an existing pipeline...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.