403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
Trump plans on continuing US-Canada Keystone XL oil pipeline
(MENAFN) US President Donald Trump has announced plans to revive the Keystone XL oil pipeline, aiming to transport oil sands crude from Canada to the US, and has vowed to expedite regulatory approvals for the long-dormant project. Originally proposed in 2008, the pipeline was designed to carry 830,000 barrels of oil daily from Canada’s tar sands to US refineries. However, it faced strong opposition from environmental groups and was blocked by previous US administrations.
In October 2024, TC Energy, the original developer of the pipeline, spun off its oil pipeline business into South Bow Energy, which has shown no interest in continuing the project. Trump, in a social media post on Tuesday, urged TC Energy, which he claimed was unfairly abandoned by the Biden administration, to “come back to America and get it built—NOW!”
“If not them, perhaps another pipeline company,” Trump said, reiterating his desire for the pipeline’s construction.
During his first term, Trump reversed President Obama’s decision to block the project, arguing that it would create jobs and reduce US dependence on foreign oil. The decision sparked backlash from environmental groups and Native American tribes who raised concerns about environmental damage and threats to indigenous communities.
Despite Trump’s support, the project was halted in 2021 when President Joe Biden revoked a crucial permit and stopped new oil and gas drilling permits on federal land. Republicans later blamed Biden for rising gas prices, while Biden shifted the blame to Russia’s actions in Ukraine.
Trump’s renewed push for the Keystone XL project aligns with his broader energy policy focused on expanding fossil fuel development. Since taking office, he has sought to open more land and waters for oil, gas, and coal extraction, while halting clean energy initiatives on federal land. While welcomed by the oil and gas industry, these actions have drawn criticism from environmental groups.
Some experts, however, are skeptical about the feasibility of restarting the project, citing legal, physical, and political hurdles, as well as shifts in the energy market that have diminished the economic need for the pipeline. Analysts suggest the chances of Keystone XL’s revival are slim. Environmentalists are also expected to continue opposing the project due to concerns over carbon emissions and ecological harm.
In October 2024, TC Energy, the original developer of the pipeline, spun off its oil pipeline business into South Bow Energy, which has shown no interest in continuing the project. Trump, in a social media post on Tuesday, urged TC Energy, which he claimed was unfairly abandoned by the Biden administration, to “come back to America and get it built—NOW!”
“If not them, perhaps another pipeline company,” Trump said, reiterating his desire for the pipeline’s construction.
During his first term, Trump reversed President Obama’s decision to block the project, arguing that it would create jobs and reduce US dependence on foreign oil. The decision sparked backlash from environmental groups and Native American tribes who raised concerns about environmental damage and threats to indigenous communities.
Despite Trump’s support, the project was halted in 2021 when President Joe Biden revoked a crucial permit and stopped new oil and gas drilling permits on federal land. Republicans later blamed Biden for rising gas prices, while Biden shifted the blame to Russia’s actions in Ukraine.
Trump’s renewed push for the Keystone XL project aligns with his broader energy policy focused on expanding fossil fuel development. Since taking office, he has sought to open more land and waters for oil, gas, and coal extraction, while halting clean energy initiatives on federal land. While welcomed by the oil and gas industry, these actions have drawn criticism from environmental groups.
Some experts, however, are skeptical about the feasibility of restarting the project, citing legal, physical, and political hurdles, as well as shifts in the energy market that have diminished the economic need for the pipeline. Analysts suggest the chances of Keystone XL’s revival are slim. Environmentalists are also expected to continue opposing the project due to concerns over carbon emissions and ecological harm.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment