TransCanada Seen Delaying Keystone Writedown With Bid for Pause

  • Pause would let company skirt charge on $2.4 billion for now
  • Stock weakness reflects `zero value' for pipe: National Bank

Environmentalist McKibben: Keystone XL Is Beaten

TransCanada Corp. not only buys time with its bid for a pause on the U.S. review of its Keystone XL pipeline, it may delay a potential writedown on the roughly $2.4 billion it’s already spent on the project.

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