​Keystone XL pipeline defeated in nail-biting Senate vote; but TransCanada has plenty more to offer

​Keystone XL pipeline defeated in nail-biting Senate vote; but TransCanada has plenty more to offer

​Keystone XL pipeline defeated in nail-biting Senate vote; but TransCanada has plenty more to offer It was a close vote but last night the Democrat-controlled Senate failed to get the majority needed to approve the construction of the Keystone XL pipeline; falling short by a single vote. Almost seven years since it was first put forward TransCanada’s 1,179 mile long pipeline has been divisive throughout; critics point to environmental and public health concerns; proponents cite job creation and lower dependence on energy from unstable regions. Despite the defeat TransCanada has today announced that it is to more than double its dividend growth rate from 4 per cent currently to 8 to 10 per cent over the next few years.