Donald Trump’s State Department Gives Green Light to the

New Post Public Reply Private Reply Replies (0) Message Board
PoemStone wowhappens28 #20313
86
Donald Trump’s State Department Gives Green Light to the Keystone XL Pipeline

President Donald Trump has given the green light to the Keystone XL pipeline that will transport crude oil from Canadian oil-well to the refineries and ports in the United States, after then-President Barack Obama put the project on hold in 2012 to please climate change activists.

“The Under Secretary of State for Political Affairs has issued a Presidential permit to TransCanada Keystone Pipeline, L.P. (“TransCanada”) authorizing TransCanada to construct, connect, operate, and maintain pipeline facilities at the U.S.-Canadian border in Phillips County, Montana for the importation of crude oil,” a press release issued by the State Department on Friday said.

“The Department of State reviewed TransCanada’s application in accordance with Executive Order 13337 (April 30, 2004) and the January 24, 2017 Presidential Memorandum Regarding Construction of the Keystone XL Pipeline,” the announcement said. “In making his determination that issuance of this permit would serve the national interest, the Under Secretary considered a range of factors, including but not limited to foreign policy; energy security; environmental, cultural, and economic impacts; and compliance with applicable law and policy.”

Secretary of State Rex Tillerson, former CEO at ExxonMobile, recused himself from decisions on the pipeline, so the permit was signed by Under Secretary of State for Political Affairs Thomas Shannon.

“This is a significant milestone for the Keystone XL project,” Russ Girling, TransCanada’s president and chief executive officer, said in a statement.

We greatly appreciate President Trump’s Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America’s energy infrastructure,” Girling said.

On Jan. 24, Trump signed a memorandum inviting TransCanada, the company that owns the pipeline, to reapply to the U.S. State Department for approval of the project. Because the company in charge of the pipeline is not in the United States, its approval falls to the State Department.

Keystone XL is 36-inch-diameter crude oil pipeline system that will carry up to 830,000 barrels of petroleum per day from the oil sands in Canada to oil refineries and ports on the Gulf Coast of the United States.

According to the State Department’s January 2014 Final Supplemental Environmental Impact Statement, greenhouse gas emissions will actually increase without the pipeline if the crude oil from Canada is alternatively transported by rail across the U.S.

“During operation of all No Action rail scenarios, the increased number of unit trains along the scenario routes would result in GHG emissions from both diesel fuel combustion and electricity generation to support rail terminal operations (as well as for pump station operations for the Rail/Pipeline Scenario),” the FSEIS said. “The total annual GHG emissions (direct and indirect) attributed to the No Action scenarios range from 28 to 42 percent greater than for the proposed Project.”

The State Department also found that alternative energy would not replace the need for fossil fuel.

“The analysis found that even with renewable energy and conservation, there would still be a demand for oil sands-derived crude oil,” the FSEIS said. “Based on this evaluation, these alternatives were not carried forward for further analysis as alternatives to the proposed Project.”

< >
Featured stocks: Coffee Shoppe
For conservative debate: "Keeping it Real"
Game Changing stock $SHMP

Scroll down for more posts ▼

Top 10 Most Recent News Articles

IDX Expands, Enhances Team Amid 56% H1 Growth

Updated Category News Views 1

IDX's Aggressive Global Expansion Here's a tip from a trader who’s seen cycles rise and fall: watch the movers who're playing the long game, putting down roots worldwide while making headway in the data game. IDX has clearly mapped out this trajectory as evidenced by its recent grab in the global strategic communications ring. IDX's bustling around like a squirrel...

Continue Reading
BrightPlan's AI-Powered Growth: Series C Fuel

Updated Category News Views 5

Series C Funding Ignites BrightPlan's Ambitions Ever seen a company that's ready to roll with the punches and come out stronger? That's BrightPlan for you. They're pushing the boundaries again, bagging new capital in this Series C round, steered by the seasoned folks over at ABS Capital Partners. Now, here's the thing: We're talking about a 230% revenue surge over just...

Continue Reading
The Austin Company to Showcase at ISPE Annual Event

Updated Category News Views 2

Setting the Stage at ISPE Expo When you think of pharmaceuticals and the bustle behind closed doors, it's with companies like The Austin Company leading the charge. This October, they're strutting their stuff at the ISPE Annual Meeting and Expo. No small potatoes here—it's at the Gaylord National in Maryland. Mark those dates: October 18-21, 2026. It's a circus of...

Continue Reading
Verdafero Gains Ground in Sustainable Hospitality

Updated Category News Views 3

Verdafero's Latest Milestone: A Broader Environmental Reach It’s a day like today that makes you pause and realize that businesses in the hospitality space aren’t just about fluff and fancy lobbies anymore. They've got a new wave of responsibilities, especially with the globe pretty much on fire, literally and figuratively. Verdafero, a name not new to function and...

Continue Reading
ASCEND® Cladding Unveils New Profiles & Texture Variety

Updated Category News Views 1

New Options for Creative Home Exteriors Amid today's housing market rollercoaster, a sprinkle of bold innovation in building materials can make a statement—and that's precisely what Associated Materials Innovations (AMI) is banking on with their latest beef-up in the ASCEND® Composite Cladding lineup. Introduced out of Cuyahoga Falls on Sept. 8, 2026, this expansion...

Continue Reading
Everpure Surges into the S&P 500: A Milestone Move

Updated Category News Views 10

Big Leagues Beckon: Everpure Enters the S&P 500 Another day, another dollar, but today ain't just any day for Everpure. They’re stepping up from the minor leagues and grabbing their spot in the illustrious S&P 500 lineup. We're talking about a milestone that every company dreams of, but few achieve—this ain't your regular Tuesday headline. Stock Market's Stamp of...

Continue Reading
Big Wins at Americas Cardroom's $15M Venom Series

Updated Category News Views 3

High Stakes and Huge Paydays: The Venom Breakdown Alright, folks, here's a tale of how the cards fell in one of the most electrifying poker standoffs at Americas Cardroom. With prize pools clocking in at a staggering $15.095 million, the Dual Mystery Bounty Venoms really stacked the chips high. From the gritty, bustling halls of the internet to the proverbial green-felt...

Continue Reading
Stoke Space Raises $1B; XTEND AI Hits NYSE

Updated Category News Views 3

A Billion-Dollar Boost for Stoke Space Ever catch wind of a company hauling in a cool billion and shrug it off? Me neither. Stoke Space Technologies just locked down $1 billion in Series E funding. This ain't some pocket change—the kind of dough you need when you're eyeing stars and plotting orbital voyages. They're gearing up for a 2027 mission with their Nova...

Continue Reading
Jollibee and DreamWorks Unite for Cultural Celebration

Updated Category News Views 4

Jollibee Partners with DreamWorks Animation Never thought I’d see the day: Jollibee, that familiar face of fast food, teaming up with the creative juggernaut DreamWorks Animation. They’re calling it a celebration of friendship and Filipino culture, wrapped up neatly in the context of a flick called Forgotten Island. Set to sizzle in theaters on September 25, 2026,...

Continue Reading
AllyGPO Shines as Top Innovator in Health Tech

Updated Category News Views 3

Innovative Excellence in Healthcare Tech It's not every day you see a specialty group purchasing organization like AllyGPO snagging a spot on Fast Company's esteemed list of Best Workplaces for Innovators. Making it into the top half at number 40 in 2026, it’s a testament to a company really leaning into employee-driven innovation. And, buddy, this ain't just corporate...

Continue Reading

Top 5 Most Recently Viewed Articles

Roundhill Investments Announces XDTE and QDTE ETF Distributions

Updated Category News Views 172

Roundhill Investments Announces ETF Distributions Roundhill Investments, known for its innovative Exchange-Traded Funds (ETFs), has recently provided updates regarding the distributions for two of its prominent funds: the XDTE and QDTE. These announcements underscore the company's dedication to offering significant returns through strategic financial products. Details of...

Continue Reading
General American Investors Company Unveils Strategic Buyback Plan

Updated Category News Views 160

General American Investors Company Announces New Share Buyback General American Investors Company, Inc., a closed-end investment company, has made significant strides recently with its Board of Directors renewing the authorization for the repurchase of up to 1,601,553 outstanding shares of its 5.95% Cumulative Preferred Stock, Series B. This strategic decision comes when...

Continue Reading
Pylontech Expands Global Footprint with New European Facility

Updated Category News Views 268

Pylontech's New Factory: A Step Forward in Energy Storage Pylontech, a leading global provider of energy storage solutions, has officially inaugurated its first overseas factory in Europe, marking a significant milestone in its international strategy. This factory, situated in Sant'Angelo di Piove di Sacco, symbolizes Pylontech's commitment to harnessing local...

Continue Reading
Lennar’s Stake Sparks Opendoor Surge Ahead of Earnings

Updated Category News Views 357

Opendoor Technologies (OPEN) is catching fire, boosted by Lennar's hefty stake revealed in the recent Form 13F filing. This document shows Lennar holding about 18.8 million shares and several series of tradable warrants. That’s not just paper; it’s a significant vote of confidence from one of the biggest players in the housing market. Homebuilder Partnership Fuels...

Continue Reading
Navigating Lump Sums vs. Monthly Pension Payments Effectively

Updated Category News Views 348

Retirement's a sweet spot for many, but when it comes to pension payment choices, things can get dicey fast. You’ve got workers facing the big decision: take a lump sum payout or go for those sweet monthly checks. We’re talking serious cash flow—$250,000 as a lump sum versus $2,750 a month for life could swing fortunes. But here's where it gets sticky; the math...

Continue Reading