Trump’s election revives Keystone XL prospects

Donald J. Trump’s position as US president-elect has revived TransCanada Corp.’s stalled Keystone XL crude oil pipeline project. Trump stated repeatedly while campaigning that he would like to see the pipeline built and that he would invite TransCanada to resubmit its application for the project once he assumes office.

TransCanada, meanwhile, has stated in media reports this week that it “remains fully committed” to completing the project.

TransCanada applied for US permission to build Keystone XL in 2008. The administration of President Barack Obama denied permission Nov. 6, 2015, with TransCanada filing suit against the decision earlier this year, claiming it was arbitrary and unjustified under terms of the North American Free Trade Agreement and that it exceeded the president’s constitutional powers.

The 1,179-mile, 36-in. OD pipeline would ship crude from Hardisty, Alta., to Steele City, Neb., for delivery onward to the Cushing, Okla., storage hub and Gulf Coast refiners.

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