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Some 15,000 pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013.
Some 15,000 pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013.
(NATHAN VANDERKLIPPE/THE GLOBE AND MAIL)

TransCanada is still a core holding for income investors

The never-ending story continues. Once again, the U.S. government has put off making a decision on the Keystone XL pipeline.

TransCanada first proposed the plan to the U.S. State Department in 2010, anticipating fairly quick approval. Instead, the project has become a political football with President Obama repeatedly refusing to make a decision for fear of alienating the environmentalist supporters of the Democratic Party. The latest delay likely means no decision from Washington until after the November mid-term elections, if then.