Keystone pipeline debate goes to Nebraska high court

|By:, SA News Editor

Nebraska's highest court will hear arguments today for TransCanada's (NYSE:TRP) proposed $5.4B Keystone XL pipeline, following five years of wrangling at the federal level.

At issue is a 2012 decision that killed legislation allowing the Canadian company to chart the pipeline’s course through Nebraska.

While a ruling upholding that decision would add another obstacle to the project, a reversal could immediately send the case to President Obama, forcing him to choose between unions who support the project and environmentalists who don’t.