Obama nixes XL permit; TransCanada to reapply
Jan 18, 2012 | 05:17 PM
| Michael Cowden
TORONTO The Obama administration denied a permit to TransCanada Corp. Wednesday that would have allowed the energy firm to proceed with its proposed Keystone XL pipeline, but the Calgary, Alberta-based firm said it has no intention of abandoning the project.
President Obama agreed with a U.S. State Department recommendation that the Keystone XL project did not "serve the national interest... in its current state," according to a news release.
However, the State Department did appear to leave the door open for TransCanada to submit another permit application, adding that the denial "does not preclude any subsequent permit application or applications for similar projects."....
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