President Trump Signs New TransCanada Keystone XL Pipeline Project

President Trump has announced the approval of the Keystone XL pipeline project which has been a bone of contention among various interest groups over a long period of time.

Trump in his announcement said, “It’s a great day for American jobs and a historic moment for North American and energy independence.  This announcement is part of a new era of American energy policy that will lower costs for American families — and very significantly — reduce our dependence on foreign oil, and create thousands of jobs right here in America.”

The Keystone XL pipeline is expected to span over 900 miles and will have the capacity to deliver more than 800,000 barrels of oil per day to the Gulf Coast refineries when completed.  

“The fact is that this $8 billion investment in American energy was delayed for so long — it demonstrates how our government has too often failed its citizens and companies over the past long period of time.  Today, we begin to make things right and to do things right.  Today we take one more step in putting the jobs, wages, and economic security of American citizens first.  Put America first,” said Trump. 

The President also said that the Keystone XL pipeline is one of the first of many energy and infrastructure projects that his administration will undertake.

Russ Girling, President of TransCanada, in his response said, “This is a very, very important day for us — for our company.  So on behalf of thousands of people that have worked very hard to get here — as you’ve pointed out, very long time to get here — but we’re very relieved, and very much just want to get to work.”

He also added that thousands of people and stakeholders among various communities stand to benefit and, moreover, he opined that the pipeline is the safest and most reliable way to move our products to market.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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