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Keystone XL Pipeline Rejected: What Does It Mean For TransCanada?

The Keystone Steele City pumping station, into which the planned Keystone XL pipeline would connect, is seen in Steele City, Neb., Tuesday, Nov. 3, 2015. TransCanada, the company behind the project, said Monday it had asked the State Department to suspend its review of the Canada-to-Texas pipeline, citing uncertainties about the route it would take through Nebraska. (Nati Harnik/AP)
The Keystone Steele City pumping station, into which the planned Keystone XL pipeline would connect, is seen in Steele City, Neb., Tuesday, Nov. 3, 2015. TransCanada, the company behind the project, said Monday it had asked the State Department to suspend its review of the Canada-to-Texas pipeline, citing uncertainties about the route it would take through Nebraska. (Nati Harnik/AP)

The Obama administration has rejected TransCanada’s application to build the Keystone XL pipeline. What does this mean for the Canadian energy giant? Here & Now’s Peter O’Dowd discusses this with Peter Armstrong, economics reporter for the CBC.

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