TransCanada Corp. TRP 0.92 % on Tuesday reported a 12% decline in third-quarter earnings and said it hit the pause button on its controversial Keystone XL project to best assure its long-term success. Calgary, Alberta-based TransCanada late Monday said it had asked the U.S. State Department to suspend its permit application for Keystone XL while awaiting approval in Nebraska regarding the pipeline’s route through that state. “It’s our view that the State Department process should not continue in the current time in its current path if there’s going to be new information provided from a review in Nebraska,” TransCanada Chief Executive Russ Girling said during a conference call on Tuesday. The administration of President Barack Obama had been expected to reject the long-delayed project, which would carry 830,000 barrels of Canadian crude a day from landlocked Alberta to refineries on the U.S. Gulf Coast. The pipeline operator has to […]