Trump approves Keystone XL pipeline, hails 'great day'
- Author: Joey Payne Mar 26, 2017,
Mar 26, 2017, 0:42
But the premier took time to congratulate TransCanada on the presidential approval of the Keystone XL pipeline, a move Notley said will provide work to plenty of unemployed Albertans. Forbes claims that's the "largest percentage gain of any American billionaire in that period".
USA motorists are unlikely to feel an immediate impact at the pump as a result, but with the new possibilities the pipeline brings, there is no guarantee that there won't be future impacts to fuel prices. White House spokesman Sean Spicer said a Keystone XL announcement would come at 10:15 a.m. EDT. Both projects had drawn massive protests and had been stalled by the Obama administration.
Taking it a step further, a 2011 report from Cornell University concluded that the Keystone XL pipeline could actually destroy more jobs than it created.
Secretary of State Rex Tillerson, the former CEO of oil company Exxon Mobil, has recused himself from the decision-making process.
Now that Keystone XL is back on the table, Kleeb is shifting her group's focus back to Nebraska, which still needs to grant state permits for the project.
President Trump also insisted that the pipeline be made with US steel and that the USA should get "a piece of the profits", which would lower the project's margins.
In 2015, the Obama administration rejected construction of the pipeline, saying it would detract from America's global leadership on issues related to climate change. "It is really all risk for the U.S. and no reward". Property value aren't expected to decline because of the construction, the government has said.
For now, Nelson and his group hope to focus activist attention on upcoming meetings of the Nebraska Public Service Commission.
That's some big pipeline, Trump said as he read over notes at his desk in the Oval Office. Ricketts, however, does not participate in the decision of the PSC, which has five commissioners. The Canadian oil that would flow through the pipeline is considered among the dirtiest types of crude. "I'm glad President Trump took quick action to approve this critical infrastructure project".
It will cut down from Alberta, Canada, across the border and through Montana, South Dakota and Nebraska before joining with the finished pipeline in Steele, Nebraska.
A pipeline to Gulf refineries will make drilling in Alberta more attractive.
"Bold is proud to stand with the many fearless Nebraskans who have been fighting the Keystone XL pipeline for years", said Ken Winston, an attorney for the umbrella group that includes Bold Nebraska. But even that route is sure to face resistance. As it is now proposed, the expansion route, which is the 4th phase of the project, will go through Montana and South Dakota before ending in Steele City, Nebraska, where it will connect with other phases of the Keystone Pipeline project that have already been constructed.
The project's supporters and detractors immediately weighed in, promising to continue the fight over the pipeline on many different fronts.
Opponents, including tribal leaders and civil liberties advocates, have said the bill seemed to target Native American people and could pose constitutional problems. "We will defeat this pipeline in the courts and in the court of public opinion".
The president of the American Petroleum Institute, Jack Gerard, said the approval was "welcome news" and would bolster United States energy security.
Nebraska activists say the pipeline could leak and pollute their water supply, and argue that construction would disrupt the state's natural habitat.
Here's a look at what's up with the pipeline and what lies ahead for its planned construction.
Limited pipelines in the Canadian oil sands have forced much of that crude to travel by rail. In 2016, an average of two to three trains a day were used to carry oil out of the region due to a lack of pipeline capacity, Platts Analytics said.
"Given all the foolish, antiquated policy and rhetoric we've already seen from this administration on energy and climate, we're angered but not surprised by the decision to pursue Keystone XL".