Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. The Bridge Message Board

Third Major Blow For Pipelines: Keystone XL Projec

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 126953
(Total Views: 263)
Posted On: 07/07/2020 3:08:52 PM
Avatar
Posted By: SaltyMutt
Third Major Blow For Pipelines: Keystone XL Project Stays Blocked

By Tsvetana Paraskova - Jul 07, 2020

2020-07-07_w3repuigzp.jpg

In the third major blow to oil pipelines in just two days, the U.S. Supreme Court ordered on Monday that construction of the long-delayed and once-resurrected Keystone XL project cannot begin.

The Supreme Court’s ruling comes a day after Dominion Energy and Duke Energy canceled the Atlantic Coast natural gas pipeline project and on the day on which a court-ordered Dakota Access pipeline shut.

The justices at the Supreme Court upheld a lower court ruling that the Keystone XL pipeline project cannot use the so-called Nationwide Permit 12 that allowed pipelines to cross rivers with minimal review if they meet certain criteria. The Supreme Court, however, allowed other pipeline projects to return to use that permit aimed at fast-tracking construction of vital oil and gas infrastructure.

In April, a Montana judge had canceled the vital permit for the controversial Keystone XL oil pipeline, concluding that the U.S. Army Corps of Engineers failed to consider the effects of the pipeline on one fish species present in rivers that the route of the Keystone XL would cross.

The Trump Administration in June asked the Supreme Court to vacate the lower court’s ruling on blocking the nationwide permit.

The justices on Monday cleared other pipelines to use the permit, but not Keystone XL. While the ruling is generally favorable overall for other pipeline projects, it could doom the Keystone XL project that was designed to carry crude oil from Alberta in Canada to the United States.

The Supreme Court’s ruling is likely to delay the start of potential construction into 2021, TC Energy said in court filings, as carried by Bloomberg.

“TC Energy remains committed to the future of this project,” the company developing Keystone XL said in a statement.

“Today’s ruling makes clear that the builders of Keystone XL can’t rely on a flawed, rubber-stamped permit to force the project’s construction through our wetlands, streams, and rivers,” Cecilia Segal, an attorney at the Natural Resources Defense Council (NRDC), said in a joint statement of environmentalist groups.

By Tsvetana Paraskova for Oilprice.com

https://oilprice.com/Energy/Crude-Oil/Third-M...ocked.html


(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us