presidential permit for Keystone XL
Send a link to a friend
[March 24, 2017]
(Reuters) - TransCanada
Corp said on Friday the U.S. Department of State
issued a presidential permit for the construction of the
Keystone XL pipeline linking Canadian oil sands to U.S.
refiners, a project blocked by former President Barack
A depot used to store pipes for Transcanada Corp's
planned Keystone XL oil pipeline is seen in Gascoyne,
North Dakota, January 25, 2017. REUTERS/Terray Sylvester
President Donald Trump signed an executive order to advance the
project soon after taking office in January, saying it would
create thousands of jobs.
Obama had said the pipeline would do nothing to reduce fuel
prices for U.S. motorists and would contribute emissions linked
to global warming.
Reuters reported earlier on Friday that Trump would announce the
approval of the pipeline at the White House alongside
TransCanada's chief executive.
The move marks the beginning of lengthy process which includes
getting approvals from state regulators. The project could also
face legal challenges.
The multibillion-dollar pipeline would bring more than 800,000
barrels per day of heavy crude from Canada's oil sands in
Alberta into Nebraska, linking to an existing pipeline network
feeding U.S. refineries and ports along the Gulf of Mexico.
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin
[© 2017 Thomson Reuters. All rights
Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.