Dakota Pipeline: Back On?

January 24, 2017 10:10 AM
 
 

President Donald Trump intends to take action today to advance construction of the Keystone XL and Dakota Access pipelines, according to a person familiar with the matter.

TransCanada Corp.’s Keystone pipeline was rejected under former President Barack Obama, and Energy Transfer Partners LP’s $3.8 billion Dakota Access project was stalled when the Obama administration halted work on in on land near Lake Oahe in North Dakota amid protests by Native American groups.

The moves, taken on Trump’s fourth full day in office, illustrate his plan to fulfill his campaign pledge to give the oil industry more freedom to expand infrastructure, create jobs and ease transportation bottlenecks.

TransCanada climbed as much as 1.1 percent to C$63.25 at 9:33 a.m. in New York. Energy Transfer Equity LP and Energy Transfer Partners LP climbed as much as 3.3 percent and 1.7 percent, respectively.

TransCanada had no immediate comment on the president’s proposed actions and Energy Transfer didn’t immediately respond to requests for comment. A spokesman for the Standing Rock tribe that opposes the Dakota project says they’ll comment "if it happens."

White House press secretary Sean Spicer on Monday said Trump’s goal was to balance environmental protection and projects that can grow jobs and the economy.

TransCanada may need to submit another formal application to build the pipeline. But the company’s plans for Keystone XL already have been vetted, with years of environmental scrutiny culminating in former President Barack Obama’s 2015 decision that the pipeline was not in the U.S. interest.

TransCanada has not said it would reapply for permission to build the pipeline, but the day after Trump’s election, the Calgary-based company said it was looking for ways to convince the new administration of the project’s benefits to the U.S. economy. The company has previously said it remains "committed to Keystone XL."

Environmentalists fiercely battled the project, making it a flashpoint in broader debates about U.S. energy policy and climate change. Landowners in the pipeline’s path warned that a spill of dense crude could contaminate the Ogallala aquifer, a source of drinking water that stretches from Texas to South Dakota. And activists said it would promote further development of oil sands in Alberta, Canada that generally require more energy to extract.

Dakota Access opponents say the pipeline would damage sites culturally significant to Native Americans and pose an environmental hazard where it crosses the Missouri River. Earlier this month, the Department of the Army withheld the final easement necessary for construction beneath the lake.

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Comments

 
Spell Check

Raymond Bauman
Thornville, OH
1/24/2017 07:46 PM
 

  The Dakota access pipeline actually it's a benefit to the nation it will decrease the amount of crude being shipped by rail and and therefore decrease the severity and number of railroad accidents. It'll also help her farming economy by freeing up Rail lines to transport agricultural products to Market. Pipelines have long been proven to be the safest and most efficient method of moving liquid products petroleum or other products across this vast nation of ours. The tribe that's not want you to know if it that the Dakota access pipeline actually crosses the Missouri River with another petroleum pipeline in the same right away therefore the hazard will not increase Nor. decrease by the installation of this line. The Dakota access pipeline and the federal government gave this Indian tribe over two years to make comments about this proper placement of the line and the routing of the line the tribe chose not to make any comments with the backing of the severe environmental groups. The same groups also advocated and had members that participated ineco terrorism across this nation. If the tribe was so concerned about this line they should have raised the issue over 2 years ago. The Corps of Engineers reached out to the tribe many times over those two years for their comments their problems and suggestions none of this these problems were brought up by the tribe, ours is a participation based democracy therefore they need to participate in the meetings of these projects or at least participate in the proper forum about these projects. The lawlessness the that occurred at their encampment may occur along the pipeline should not be tolerated by the General Public and the government.

 
 

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