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Crew work on construction of the Keystone XL pipeline east of Winona, Tex., in 2012. Just 18 per cent of TransCanada’s growth spending is allotted to Keystone, down from more than half in 2011.
Crew work on construction of the Keystone XL pipeline east of Winona, Tex., in 2012. Just 18 per cent of TransCanada’s growth spending is allotted to Keystone, down from more than half in 2011.
(SARAH A. MILLER/THE CANADIAN PRESS)

Keystone XL less crucial to TransCanada’s growth

TransCanada Corp. is slowly but surely digging itself out from under Keystone XL’s shadow, adding a slew of new projects that will diversify its future revenues and dim the spotlight beating down on the controversial pipeline.

At the energy stalwart’s investor day this week, there wasn’t much by way of news, but the company rearticulated its spending plans for the next few years, making it clear that Keystone XL is now just one component of a much larger strategy.