Trump: Build Keystone XL, Dakota Access Pipelines With American Steel,
Fox News Reports:
President Donald Trump signed executive orders Tuesday giving the green light for construction of the Keystone XL and Dakota Access pipelines, two projects that stalled under the Obama administration.
TransCanada (TRP) first sought approval for its Keystone XL pipeline in 2008, but President Obama rejected its permit application in November 2015. The company did not immediately comment Tuesday on whether it will now reapply for a permit. Energy Transfer Partner’s (ETP) Dakota Access Pipeline is already under construction, but the Obama administration halted the project in late 2016 amid protests by environmental and Native American groups.
“If they’d like, we can see if we can get that pipeline built,” Trump said before he signed one of five executive orders in the Oval Office.
One of those orders says the U.S. Commerce Department will seek to maximize the use of U.S. steel in building the pipelines. Trump also moved to expedite the permitting process for related infrastructure projects.
Both pipelines can move forward subject to a renegotiation of terms, Trump added. Trump has previously suggested that he would allow TransCanada to build Keystone XL if the U.S. government receives a share of profits.
The Keystone XL pipeline would connect the Canadian oil-sands region to Steele City, Neb., the meeting point of TransCanada’s existing Keystone and Cushing Extension pipelines. As a cross-border project, Keystone XL also requires approval from the State Department. During the campaign, then-GOP candidate Trump said, if elected, he would ask TransCanada to reapply for a construction permit.
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