Trump Approves TransCanada's Keystone XL Pipeline


This comes after it was rejected by the Obama Adm. and it's 8 years of phony environmental impact studies that sought to torpedo the pipeline. Today, after just 2 months in office, The Trump Adm. approved the project.


zerohedge
TransCanada said the U.S. Department of State issued a presidential permit for the construction of the Keystone XL Pipeline, ending a multi-year controversial, at times acrimonious debate over the future of the pipeline.

The pipeline linking Canadian oil sands to U.S. refiners had been blocked by Barack Obama, who said the pipeline would do nothing to reduce fuel prices for U.S. motorists and would contribute emissions linked to global warming.

"This is a significant milestone for the Keystone XL project," said Russ Girling, TransCanada's president and chief executive officer, said in a statement. "We greatly appreciate President Trump's administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America's energy infrastructure."