Trump administration to approve Keystone XL pipeline

by Jared Lewis March 24, 2017, 0:24
Trump administration to approve Keystone XL pipeline

The Keystone XL oil pipeline is on the verge of being approved by the USA government, a full eight years and six months after Calgary-based TransCanada Corp. applied for a permit that was beset by political drama.

Two government sources, who declined to be identified, said on Thursday that the pipeline approval would be announced by the White House.

The White House says Trump's plan to slash environmental regulations will trigger a new energy boom, but top USA oil and gas companies are telling shareholders that regulations have little impact on their business.

That is the last day in a 60-day timeline set in motion by U.S. President Donald Trump back in January. The new American leader gave his State Department 60 days to review the application, which gives the department until Monday, March 27th to make a decision and Politico reported Thursday the green light will indeed come on time.

"We recognize that independence from foreign oil and finishing the TransCanada pipeline gives us the best chance to work directly with a trading partner that is a friendly trading partner and not one who has vowed destruction for the United States", Proos said.

Shannon, America's top career diplomat, is making his agency's recommendation because Secretary of State Rex Tillerson recused himself from the matter.

That decision would clear the way for formal approval by the White House.

The battle is far from over. The project still faces hurdles, especially in Nebraska, where landowners have denied it the right of way.

"Any politician siding with the fossil fuel industry on Keystone, be they named Trudeau or Trump, is in for one hell of a fight". The 1,700-mile pipeline would carry oil from Alberta tar sands in Canada to Houston-area refineries. They say new jobs will be minimal and short-lived, and argue the pipeline won't help the US with its energy needs because the oil is destined for export.

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