Controversial Keystone XL Oil Pipeline To Begin Construction In April – By Molly Harris (Inquisitr) / March 31 2020
The oil pipeline that has been doggedly protested for nearly a decade will be built.
TC Energy, a Canadian natural gas company, announced on Tuesday, March 31, that it will move forward with the Keystone XL pipeline according to the Associated Press. Construction of the oil sands pipeline, which cuts across the Midwest, is currently slated for April. The controversial pipeline is heavily opposed by environmentalists and some Native American tribes.
After securing $1.1 billion in financing from Canada’s Alberta province government, TC Energy made the announcement to move forward with the Keystone XL pipeline project. The funding will cover construction costs for 2020 as well as for 575,000 barrels of oil to be transported each day.
The price for oil has dropped in recent weeks, but Alberta Premier Jason Kenney explained that Alberta could not wait for the current economic fall to make a recovery. The western province largely depends on natural resources, so the official hopes the investment will help bolster the local economy.
President Donald Trump signed a memorandum to revisit the terms of the proposed project within his first month in the Oval Office. He has since given a permit that some believe to be illegal. President Trump continues to be a supporter of the $8 billion project.
“We thank U.S. President Donald Trump and Alberta Premier Jason Kenney as well as many government officials across North America for their advocacy without which, individually and collectively, this project could not have advanced,” TC Energy chief executive Russ Girling said.
We appreciate the support of landowners, customers, Indigenous groups and partners as #KeystoneXL is poised to put thousands of people to work and generate substantial economic benefits. Visit https://t.co/o50iHLfoLy. #TimeToBuild @realDonaldTrump @jkenney pic.twitter.com/UEVRDvCQAw
— TC Energy (@TCEnergy) March 31, 2020
Continue to article: https://www.inquisitr.com/5974356/keystone-xl-april-construction/
