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Trump set to sign executive orders on Keystone and Dakota Access pipeline
MARKETWATCH 11:11 AM ET 1/24/2017
During the 2016 campaign, President Trump backed both projects

WASHINGTON -- President Donald Trump is set to take action Tuesday to advance the Keystone XL and Dakota Access oil pipelines, according a senior administration official, beginning a process to reverse the Obama administration on the contentious projects.

During the presidential campaign, Trump backed both projects. Former President Barack Obama in November 2015 denied a State Department permit Keystone needed to cross the border from Canada into the U.S. after a protracted review that took more than seven years.

Spokesmen for the project developer, TransCanada Corp., have said the company still backs the pipeline. If completed, Keystone would send as many as 830,000 barrels of oil a day, mostly from Canada's oil sands to Steele City, Neb., where it would connect with existing pipelines to Gulf Coast refineries.

In December, the U.S. Army Corps of Engineers, under the Obama administration, denied the permit needed to complete the last leg of the $3.8 billion Dakota Access pipeline, citing concerns by the Standing Rock Sioux tribe that it could pollute its water supplies and disrupt its sacred lands. This project would carry up to 570,000 barrels of oil a day from North Dakota to Illinois.

An expanded version of this report appears at WSJ.com (http://www.wsj.com/articles/trump-set-to-take-action-on- keystone-dakota-pipelines-1485270333?mod=mktw).

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-Amy Harder; 415-439-6400; [e-mail]


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01-24-171111ET
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