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Trump signed executive orders that will make it easier for TransCanada to construct the Keystone XL pipeline and for Energy Transfer Partners to build the final uncompleted portion of the Dakota Access pipeline.
The president said both executive actions were subject to terms and conditions to be negotiated by the United States.
He also signed three additional executive orders to expedite environmental reviews for "high priority infrastructure projects," streamline the permitting process for domestic manufacturing and to insist pipeline companies buy materials from U.S. companies.
Shares of Energy Transfer Partners were up about 4 percent, while TransCanada's stock rose more than 3.5 percent after the president signed the orders.
The president said both executive actions were subject to terms and conditions to be negotiated by the United States.
The Department of the Army will not approve an easement that would allow the proposed Dakota Access Pipeline to cross under Lake Oahe in North Dakota, the Army's Assistant Secretary for Civil Works announced today. Jo-Ellen Darcy said she based her decision on a need to explore alternate routes for the Dakota Access Pipeline crossing. Her office had announced on November 14, 2016 that it was delaying the decision on the easement to allow for discussions with the Standing Rock Sioux Tribe, whose reservation lies 0.5 miles south of the proposed crossing. Tribal officials have expressed repeated concerns over the risk that a pipeline rupture or spill could pose to its water supply and treaty rights.
The article also discusses Trump's threats to pull the U.S. out of and defund the Paris Climate Agreement, and the President's conviction that he will cancel Obama's Climate Action Plan.
originally posted by: FamCore
a reply to: windword
It's tough to answer that question without knowing what specifically is in those two executive orders. According to the article, the 1st exec. order makes it "easier for TransCanada to construct the Keystone XL Pipeline", so perhaps it has more to do with environmental policies than it does with the privately-owned land?
I'm not really sure. Good question.
the other big issues is taking land, eminent domain.
originally posted by: Phoenix
a reply to: Rookseven
You do realize the oil is currently transported on rail which is inherently more dangerous.
Coincidentally rail owned by a huge DNC contributor.
No wonder subject is cause ($$$) for lefties.