Does the business case for Keystone XL pipeline make sense?

Scott Tong Nov 9, 2018
HTML EMBED:
COPY
President Donald Trump announces the final approval of the XL Pipeline following a meeting with the National Economic Council in the Oval Office of the White House on March 24, 2017.   MANDEL NGAN/AFP/Getty Images

Does the business case for Keystone XL pipeline make sense?

Scott Tong Nov 9, 2018
President Donald Trump announces the final approval of the XL Pipeline following a meeting with the National Economic Council in the Oval Office of the White House on March 24, 2017.   MANDEL NGAN/AFP/Getty Images
HTML EMBED:
COPY

The Keystone XL pipeline to bring Canadian crude to the U.S. has hit another barrier. This project has been on the drawing board for a full decade now, and the latest issue is the Trump administration’s paperwork. Just after taking office, the administration decided the project could move forward. But late yesterday a U.S. court blocked a Trump administration permit for construction of the pipeline .Why? On grounds that the U.S. government had not fully done its homework. The court sent the assignment back to Washington for more review of the environmental and business risks. 

 

 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.