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Alias Born | 03/08/2017 |
Thursday, March 23, 2017 4:03:12 PM
The Trump administration will approve TransCanada's (TRP +1.1%) Keystone XL oil pipeline by Monday, reversing former Pres. Obama’s controversial decision, Politico reports.
The undersecretary for political affairs plans to sign the pipeline’s cross-border permit on or before Monday, the last day for the 60-day timeline that Pres. Donald Trump ordered in January, according to the report.
While the permit will eliminate a crucial barrier for the pipeline, other hurdles still remain, including winning approval for the project in Nebraska and from landowners there who have denied it the right of way.
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