Nov 9, 2018
Does the business case for Keystone XL pipeline make sense?
A U.S. court wants to know: Is the Keystone XL pipeline still viable with Canadian oil selling at much lower prices than a few years ago?
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
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.