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TransCanada makes new application to U.S. State Department for Keystone XL

Last Updated Jan 27, 2017 at 5:56 am MDT

The corporate logo of TransCanada Corp. (TSX:TRP) is shown. THE CANADIAN PRESS/HO

CALGARY – TransCanada Corp. has submitted a new presidential permit application to the U.S. Department of State for approval of the Keystone XL pipeline.

The project would move oil 1,900 kilometres from Alberta to Steele City, Neb., where it would connect with other lines leading to refineries along the U.S. Gulf Coast.

The application comes after U.S. President Donald Trump signed an order earlier this week to help expedite the project.

Trump directed the State Department and other agencies to make a decision within 60 days of a final application and declared that a 2014 environmental study satisfies required reviews under environmental and endangered species laws.

Former president Barack Obama rejected Keystone XL in late 2015, declaring it would undercut U.S. efforts to clinch a global climate change deal that was a centrepiece of his environmental agenda.