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TransCanada to push on with Keystone XL as obstacles mount

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TransCanada Corp said on Thursday that it will not back away from the controversial Keystone XL pipeline despite an unfavorable Nebraska court ruling and more than five years of political wrangling in Washington over the project.

Russ Girling, chief executive of Canada’s No. 2 pipeline operator, said there is a clear need for the $5.4 billion project to move rising oil sands and shale oil production to Gulf Coast refineries.

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