The pipeline had been blocked by the Obama Administration, a decision which was reversed by Donald Trump.
The oil industry got some good news today, as a panel in Nebraska approved the Keystone XL pipeline in a 3-2 vote.
While the decision isn’t exactly what TransCanada had wanted – since it shifts the route – it gives the project a much higher probability of going forward.
In a statement, TransCanada CEO Russ Girling said,“We will conduct a careful review of the Public Service Commission’s ruling while assessing how the decision would impact the cost and schedule of the project.”
As noted by the CP, “In a written decision, the panel said it was in the public’s interest to put the new pipeline nearer to TransCanada’s existing Keystone pipeline already running through the state to make it easier to monitor and respond to spills, to reduce impacts on endangered species and other benefits related to reduced conflicts.”
Anything that can help grow the oil sector even a bit is good news, because it means more jobs, even as the anti-oil elites try to wreck the industry entirely.
A winding road to approval
In 2015, then-U.S. President Barack Obama rejected the pipeline. However, that rejection was reversed by U.S. President Donald Trump.
It’s a rare example of something going well for the oil industry, especially as higher taxes and regulatory burdens imposed by the Trudeau and Notley governments weaken the ability of our oil sector to compete.
More pipelines are common sense
Despite the extreme anti-pipeline rhetoric we see all over the place, pipelines have constantly been shown to be the best and safest way to transport oil.
So, while the usual suspects will complain about this approval, it’s good news for everybody who cares about jobs, safety, and growing an industry that is essential to Canada’s prosperity.
Photo – YouTube