Trump says Keystone XL will bring 28000 jobs. A pipe dream?

Posted March 26, 2017

"The U.S. Department of State will be in compliance with the deadline laid out in the January 24, 2017, presidential memorandum regarding construction of the Keystone XL pipeline", the official said in an email.

Calling it a "historic moment for North America", President Donald Trump announced the federal government's approval Friday of the Keystone XL oil pipeline - setting in motion a controversial project opposed by environmental groups, landowners and some Native American tribes. He added that he too was pleased with how promptly the Trump administration addressed the issue.

Obama left TransCanada dangling for most of his administration, then rejected a permit for the Keystone pipeline in November of 2015. The approval greenlights the Canadian company to complete construction on the pipeline that will funnel crude oil from Canada to refineries on the Gulf Coast. The State Department will reportedly issue today the finding that it is and the relevant permit to cross an global boundary will be forthcoming.

TransCanada applied to the Nebraska Public Service Commission in February for approval of the pipeline's route through the state.

During an Oval Office ceremony Friday, TransCanada CEO Russell Girling thanked Trump for pushing the pipeline, and he called it "a very, very important day" for the company. It's no coincidence that TransCanada dropped its NAFTA lawsuit less than an hour after the company received the permit to build.

"Moving forward exclusively on the basis of an objectively outdated environmental review on a pipeline that doesn't have a full route does pose a lot of problem for the legality of the approval", said Anthony Swift, an lawyer with the Natural Resources Defense Council.

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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. Agency signs off on Trump DC hotel lease GOP senators offer bill to require spending cuts with debt-limit hikes MORE (R-Wyo.) will speak at the Heartland Institute's annual conference in Washington. "I'm glad President Trump took quick action to approve this critical infrastructure project".

Trump planned to address Keystone during an announcement Friday morning, White House spokesman Sean Spicer said on Twitter. Commissioned in 2010 by the TransCanada corporation, the seven-year-long debate over the pipeline's future has been symbolic of the fight over the future of the United States' energy policy in the face of diminishing fossil fuel supplies and climate change.

President Barack Obama denied TransCanada's request for a permit to cross the border, citing environmental concerns.

What are your thoughts on the Keystone Pipeline?

"The only victor of this "deal" is TransCanada, which is using a $15 billion threat under NAFTA's deeply flawed corporate tribunal system to outmaneuver Trump and push a dirty and risky pipeline across our country", said Sierra Club Executive Director Michael Brune.

The minister, Jim Carr, told The Associated Press that President Donald Trump's approval of the pipeline is "good news". The company also said it was dropping a suit against the U.S. government under Chapter 11 of NAFTA, an investor-state dispute settlement mechanism that allows companies to sue foreign governments and bypass local courts in disputes.