Trump administration to approve Keystone XL pipeline project Monday

"Today we begin to make things right and do things right", he said. On Friday, the Trump administration issued a permit to proceed with construction on one of the pipelines, the Keystone XL, Clifford Krauss reports for theNew York Times. Forbes claims that's the "largest percentage gain of any American billionaire in that period".

Trump took office promising to reverse that decision and on Friday, he made good on that promise (though he broke his promise to build the pipeline with American steel). It claimed that therefore the pipeline decision would have no bearing on US standing.

The environmental community had the upperhand under President Obama, who put the kibosh on the pipeline in November 2015. Both projects had drawn massive protests and had been stalled by the Obama administration. "It's going to create thousands of jobs". In a statement, the State Department said that in approving the pipeline, it had "considered a range of factors, including but not limited to foreign policy; energy security; environmental, cultural and economic impact; and compliance with applicable law and policy". Secretary of State Rex Tillerson, the former ExxonMobil CEO, recused himself from any deliberations because of the energy company's investment in producing oil from Canada.

Environmental groups say the approval, like other ambitious executive actions made by the Trump administration early in its tenure, such as the ban on travel to US from several predominantly Muslim nations, is legally vulnerable.

Despite loud opposition in Nebraska, most of the state's top elected officials support the pipeline.

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However, the administration later reversed this decision, saying that the "American steel" instruction only applied to newly constructed projects.

South Dakota's Cheyenne River Sioux and Rosebud Sioux tribes have said they will provide space to resist construction of the pipeline, said Goldtooth, who was a key figure at the main Dakota Access camp. There's no doubt that, should this pipeline come to fruition, the fight to ward off the most serious consequences of global climate change will have suffered a grave setback. "It is really all risk for the USA and no reward".

Canada is the largest exporter of oil to the USA, at about 3.3 million barrels a day in 2016. Property value aren't expected to decline because of the construction, the government has said. First, because a green light from the states involved like Nebraska could take between six months and one year. The company has said it has agreements for more than 90 percent of the route on the USA side, according to The Washington Post. -Canada border, Trump sat smiling in the Oval Office beside the president of the Canadian company.

"I'll call Nebraska", Trump said, adding praise for Gov. Pete Ricketts. Earlier this month, 33 of the Legislature's 49 members - nearly all Republicans - signed a letter endorsing the project.

Meanwhile, activists and landowners from Nebraska continue fighting the project of 8 billion dollars, by means of pressures on the local legislative house to stop the construction of the pipeline. But even that route is sure to face resistance. "We will defeat this pipeline in the courts and in the court of public opinion".

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The POTUS signed an executive order early into his presidency that would result in the Keystone Pipeline approval.

Mr. Trump has predicted that Keystone and a smaller pipeline project, the Dakota Access pipeline, would create 28,000 jobs in the U.S. Job projections have varied considerably. But local opposition to the pipeline in Nebraska is fierce-epitomized in the Bold Nebraska alliance-and with no route now approved, you can bet there's a months-long battle ahead. It may also bring a side effect of causing the typically discounted Canadian crude oil prices to rise, as more refiners and customers seek out Canadian crude oil. That pipeline already functions and transports crude oil from Canada.

She said along with the economy and the oil and gas industry receiving a boost, Keystone XL will also assist with the parent objective of diversifying the market Alberta can ship to.

Investors seemed to agree.

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