advertisement
advertisement

Here’s the State Department’s announcement authorizing the Keystone XL Pipeline

The controversial Keystone XL Pipeline project got the go-ahead from the State Department this morning with a permit allowing 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.” The move comes after a 60-day review period that began with an order … Continue reading “Here’s the State Department’s announcement authorizing the Keystone XL Pipeline”

advertisement
advertisement

The controversial Keystone XL Pipeline project got the go-ahead from the State Department this morning with a permit allowing 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.” The move comes after a 60-day review period that began with an order from President Trump during his first week in office. It reverses a decision from former President Obama, who rejected the permit in 2015

advertisement

It’s not over yet, though. As we wrote this morning, the project is still facing the harsh economics of the oil industry, with lower production forecasts and oil and shipping firms wary of a potential border tax. Read the State Department’s announcement here.


Photo: Flickr user Shannon Ramos

About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

More