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KEYSTONE XL PIPELINE GETS ANOTHER LEASE ON LIFE


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 1. Home /
 2. News /
 3. Keystone XL Pipeline Gets Another Lease on Life

By Dennis Fandric…
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Published Mar 28, 2017 - 08:09
Last updated 8 months ago
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KEYSTONE XL PIPELINE GETS ANOTHER LEASE ON LIFE

Tue, 03/28/2017 - 08:09
Posted in:
 * Politics & Regulation
 * Projects

0 comments

President Trump announced this past Friday that a construction permit for the
controversial Keystone XL pipeline has been granted by the State Department.

After 10 years of desultory stop and go, the $8 billion project has taken a big
step forward. Keystone would span 1,200 miles, connecting Alberta’s massive tar
sands crude with pipelines and refineries on the Texas gulf coast that are
particularly well-suited to handling the thick oil.

Russ Girling, TransCanada President and Chief Executive Officer and principal
project champion, said “this is a significant milestone for the Keystone XL
project. 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.”

Despite all the fanfare, Keystone still has a long way to do, as ranchers in
Nebraska seem dead set against the pipeline traversing their property. As a
result TransCanada will have to get through the Nebraska Public Service
Commission (PSC) to obtain a PSC permit in cases where it resorts to eminent
domain - no sure thing.

TransCanada has said that it has agreements covering 90 percent of the route in
each of the three states the pipeline will cross.

Source
Fox Business, Independent, The Washington Post


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