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Stock Market & Financial Investment News

News Breaks
January 18, 2012
15:32 EDTTRPState Department: Keystone XL pipeline not in national interest in current state
The Department of State recommended to President Obama that the presidential permit for the proposed Keystone XL Pipeline be denied and, that at this time, the TransCanada Keystone XL Pipeline be determined not to serve the national interest. The President concurred with the Department’s recommendation, which was predicated on the fact that the Department does not have sufficient time to obtain the information necessary to assess whether the project, in its current state, is in the national interest. Specifically, the Department called for an assessment of alternative pipeline routes that avoided the uniquely sensitive terrain of the Sand Hills in Nebraska. The Department estimated, based on prior projects of similar length and scope, that it could complete the necessary review to make a decision by the first quarter of 2013. The Department’s denial of the permit application does not preclude any subsequent permit application or applications for similar projects.
News For TRP From The Last 14 Days
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May 22, 2013
19:18 EDTTRPU.S. House approves Keystone XL bill, Reuters says
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18:58 EDTTRPU.S. House has votes to pass legislation approving Keystone XL, Bloomberg says
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May 17, 2013
08:29 EDTTRPCanadian PM Harper lobbies U.S. for Keystone XL pipeline, WSJ reports
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06:57 EDTTRPGOP may unveil debt ceiling plan before summer recess, Politico reports
House Republicans are considering releasing their plan for raising the debt ceiling before Congress' August recess, according to Politico. The plan is likely to include new spending cuts, a framework for tax reform, and a stimulus element, which would feature a provision involving Transcanada's (TRP) Keystone Pipeline, the website reported. Reference Link
May 16, 2013
08:22 EDTTRPTransCanada to sell 45% stake in GTN, Bison Pipelines to TC PipeLines for $1.05B
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May 15, 2013
07:31 EDTTRPIEA backs Keystone XL pipeline, Globe and Mail reports
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