The Keystone XL Pipeline Still Faces At Least One Big Roadblock

Andrew Cummings
April 2, 2017

One protest is set for Friday evening at the White House.

A permit clears the way for the Keystone XL pipeline to start construction.

He was accompanied by the president of TransCanada Corp., the Calgary-based pipeline company that has wrestled with lawsuits, resistant landowners, protesters and Washington Democrats.

"You've been waiting for a long, long time", Trump said to TransCanada's Russ Girling.

Greater oil supplies also drive down the global price of energy, saving Americans billions of dollars annually - even money that can be spent on other goods and services.


"Keystone XL is a pro-growth, private sector investment into energy infrastructure that has already supported over 600 jobs in central Arkansas and would create thousands of ready-to-launch private sector American jobs, while having a minimal impact on the environment", said the Republican Representative.

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. "It gives them tax revenues in which they can invest in schools, hospitals, roads, teachers, nurses - all of those things - build the fabric of communities and make those places better for those folks to live". In Nebraska, it would connect with other pipelines linked to oil refineries along the Texas gulf coast.

"It takes money to build a pipeline, and the opposition movement to stop fossil fuel projects like KXL will do everything it can to deprive TransCanada of any new funding for this ill-fated and unnecessary pipeline". He also promised to call the governor of Nebraska to help the company secure the necessary construction permits. TransCanada may have a permit, but can they find the funding?

March 24, 2017 (Investorideas.com Newswire) The R Street Institute welcomed today's decision by the U.S. State Department to approve developer TransCanada's permit to build the $8 billion Keystone XL pipeline.

US government studies have repeatedly found that the pipeline would have negligible impact on the environment and potentially even a positive one as a cleaner alternative to oil transport by rail.


But opponents dispute that broad finding.

U.S. President Donald Trump speaks during a National Economic Council meeting.

The company will discontinue its claim under Chapter 11 of the North American Free Trade Agreement and will end its US constitutional challenge. That challenge has been discontinued, TransCanada said Friday. President Barack Obama reached the same conclusion in 2015 after a negative recommendation from then-Secretary of State John Kerry.

The Keystone Pipeline approval is here.

"We want to ensure we have access to Asian markets", Carr said in a telephone interview. "While KXL still faces a few hurdles, we're hopeful that the project will continue to move forward after years of senseless delays".


The White House has said the pipeline is exempt from a Trump executive order requiring new pipelines to be made from USA steel, because much of the pipe for the project has already been built and stockpiled.

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