Keystone XL

NPR

The Obama administration’s slow movement on the Keystone XL pipeline appears to have caused TransCanada Corp.’s stock to drop sharply.

Bloomberg reported TransCanada’s stock down 3.78 percent at noon ET on Apr. 21. That’s the sharpest one-day drop in two years for the Canadian petroleum company.

On Apr. 18, the U.S. State Department announced that it would delay its decision on the northern leg of TransCanada’s Keystone XL pipeline until after a Nebraska court ruling concerning the project.

Mark Haslett

Lamar County landowner Julia Trigg Crawford’s petition for review of a lower court’s ruling in favor of TransCanada Corp. has been denied by the Texas Supreme Court. Crawford had been contesting the Canadian company’s right to build the Keystone XL pipeline through her family’s farm in northwestern Lamar County.

NPR

A Canadian government agency is investigating whether some fittings and steel pipe on TransCanada Corp.’s Keystone oil pipeline are below standards.

Canada’s National Energy Board began the work after a similar U.S.agency, the Pipeline and Hazardous Materials Safety Administration, began a similar investigation, according to a report by Bloomberg News.

www.txed.uscourts.gov

A farmer in Southeast Texas has won an entry of default in a federal lawsuit against the U.S. Army Corps of Engineers. According to a report by New York-based Bloomberg News, the U.S. Army Corps of Engineers failed to respond to a lawsuit filed by Michael Bishop of Douglass, a small town about 15 miles west of Nacogdoches.