TransCanada requests suspension of Keystone XL permit

November 3, 2015 12:06 AM

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TransCanada requests suspension of Keystone XL permit

TransCanada Corp (TRP.TO) said on Monday that it has requested the suspension of the U.S. review for its Keystone XL crude oil pipeline, a surprise move that comes just after the White House indicated it plans to rule on the controversial project before the end of President Barack Obama's term in office.

Calgary-based TransCanada sent a letter to the U.S. State Department to suspend its application while the company goes through a state review process in Nebraska.

Also read: State Department choice: None of the above?

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