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TransCanada Corp Ready To Begin Construction on Keystone XL Pipeline

TransCanada Corp. (TRP.TO) is gearing up to begin construction on the US$7-billion Keystone XL pipeline, anticipating a favourable report on the project's environmental impact from the U.S. State Department as early as Friday, the Globe and Mail reported.

It said the environmental assessment represents the single biggest regulatory hurdle facing the Calgary-based company, which has been confronted with a high-profile backlash over the pipeline from environmentalists, some U.S. politicians, and residents along the route.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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