Trump approves Keystone XL, calling it 'great day' for jobs

Trump approves Keystone XL, calling it 'great day' for jobs

Canadian Prime Minister Justin Trudeau, who has backed the Keystone project, said in French that his government was "very pleased" with the USA announcement, according to an interpreter.

Michael Brune, head of the Sierra Club, the largest United States environmental organisation, called the pipeline approval "yet another decision made by Trump that would be disastrous for our climate, our communities, and our health".

However, Keystone XL may face more hurdles.

Parts of the pipeline have already been built, and construction on the project will continue in several months, Russ Girling, president and CEO of TransCanada, said at the White House on Friday. And he had given officials until next Monday to complete a review of the project.

The State Department also estimates that about 16,100 additional jobs will be created during the construction via firms awarded contracts for materials and services. The US imports almost half of the almost 8 million barrels a day of crude from Canada.

"We believe that the receipt of the presidential permit was expected by the market", RBC Capital Markets said in a note to clients. That reverses former President Barack Obama's 2015 decision to reject the controversial pipeline.

President Trump yesterday made good on his campaign promise with the state department approving the 800,000 barrel a day capacity northern leg of the Keystone pipeline. State-level approvals are needed in Nebraska and from other federal agencies including the Army Corps of Engineers, along with necessary permits and approvals by various entities in the states where the pipeline may be constructed. "The environmental aspect of the deal, which would increase heavy Carbon dioxide emitting Canadian tar sand production, may still cause a long delay before the pipeline is eventually being built". That challenge has been discontinued, TransCanada said Friday.

The company has spent at least $2.5 billion on the project, whose total cost once built would be more than $10 billion due to delays and permitting costs.

The consent for the pipeline should come from the Secretary of State, Rex Tillerson, but Tillerson said he had been far from the discussions because of his previous functions as head of the oil company ExxonMobil, with investments in the bituminous sands from where the oil would come. One protest is set for Friday evening at the White House.

In the long run the pipeline will have a positive ripple effect for oil production. Environmentalists oppose oil sands because producing it requires additional processing that emits more pollution.

Related news:

Hot News

isis-killer-beheading-video-story-top Facebook Cracks Down on Revenge Porn
Apr 07, 2017 - 02:29
The social networking site has also launched a revenge porn guide specific to Facebook, named, " Not Without My Consent ". However, if an image has been taken down in error, the company is offering an "appeals process" to restore the image.

isis-killer-beheading-video-story-top UFC 210 Fight Week Kicks Off
Apr 07, 2017 - 02:28
The two were originally supposed to have their rematch at UFC 206 but a groin injury forced Cormier to back out until now. It landed flush, and sent DC flying across the canvas, but it really didn't seem to phase Cormier.

isis-killer-beheading-video-story-top Nearly half of US adults infected with genital HPV
Apr 07, 2017 - 02:27
Though recent numbers have shown high HPV rates, vaccinating adolescents has been the proven way to bring these totals down. While great progress has been made in creating HPV vaccines, current approaches to prevent infection have limitations.

isis-killer-beheading-video-story-top Could Spotify 'IPO' (without an IPO) as early as September?
Apr 07, 2017 - 02:26
Spotify , in turn, can get a break on royalties if it hits certain targets, including some tied to new paying subscribers. In exchange, Spotify is getting a reduction in royalty rates.

Liverpool held by Bournemouth as King crowns comeback
Apr 07, 2017 - 02:26
Now sitting 13th, it has not been the worst season for Bournemouth by any stretch. They are continuing to grow as a team and as a club in England's top flight.

isis-killer-beheading-video-story-top Google strengthens ties to Southeast Asia with new undersea cable
Apr 07, 2017 - 02:25
Indigo has two fiber pairs, one-third as many as the trans-Pacific FASTER cable turned on previous year , where Google was also an investor.

Sensex, Nifty close in red after RBI keeps rate unchanged
Apr 07, 2017 - 02:25
At 9.15am, the home currency was trading at 65.06, down 0.27% from its Wednesday's close of 64.88. In contrast, the BSE market breadth was bullish - with 1,472 advances and 1,419 declines.

isis-killer-beheading-video-story-top Amazon to buy stake at hydrogen and fuel cell firm
Apr 07, 2017 - 02:24
This could be an indication that investors expect the deal to benefit the fuel cell sector as a whole. Proshare Ltd Liability holds 0% of its portfolio in Plug Power Inc (NASDAQ: PLUG ) for 29,014 shares.

Israeli killed in Palestinian car ramming in West Bank - army
Apr 07, 2017 - 02:21
The alleged attacker was arrested, an Israeli army statement said , without giving details about him. The site is holy to both Muslims and Jews and is located in occupied East Jerusalem .

isis-killer-beheading-video-story-top Do we need another wireless carrier? Who cares! Comcast is here anyways
Apr 07, 2017 - 02:20
Seems like a deal before you realize how much cash you're shoveling in Comcast's direction under the guise of a getting good deal. Comcast will start selling cellphone plans called Xfinity Mobile in the coming months, using a network it's leasing from Verizon.

Senate begins debate on Gorsuch, headed for showdown
Apr 06, 2017 - 02:47
Opposition Democrats insist they have the necessary votes to employ a blocking tactic known as a filibuster. Such a change would impact future Supreme Court nominees and reduce the influence of the minority party.

isis-killer-beheading-video-story-top American mayors affirm climate goals even after Trump executive order
Apr 06, 2017 - 02:43
The Sierra Club says that in recent years some 250 coal plants have been retired or are preparing for retirement. Morrisey said he thinks the president's action can help his state's hard-hit mining industry rebound.

isis-killer-beheading-video-story-top Rally in Memphis for equality on anniversary of MLK's death
Apr 06, 2017 - 02:42
The FBI caught backlash Tuesday after tweeting a tribute to Martin Luther King Jr. on the anniversary of his assassination. King was very clear that you can never separate isms, the triune isms of racism, materialism, or classism, and militarism.

Susan Rice vehemently denies 'unmasking' allegations calling them 'absolutely false'
Apr 06, 2017 - 02:40
Nunes and some other Republicans say this supports Trump's claim that the Obama White House had Trump's team under surveillance. The identities of at least some Trump associates were unmasked, in part at Susan Rice's request or direction.

isis-killer-beheading-video-story-top Georgetown hires Patrick Ewing as men's basketball coach
Apr 06, 2017 - 02:39
He played for the team in the early 1980s, winning two Big East Player of the Year awards and a national championship in 1984. The person requested anonymity because he was not authorized to speak publicly until a formal announcement is made.