EnergyWatch

TransCanada poised to reapply for Keystone permit

The highly controversial Keystone pipeline, which was buried by Obama and since revived by Trump, is again one step closer towards becoming a reality.

Photo: Wikipedia

Just two days ago, the recently-inaugurated US President Donald Trump announced he would reexamine plans for the controversial oil pipeline Keystone XL. Now TransCanada, the company behind the pipeline, is already poised with an application for a construction permit, according to its website.

The pipeline, which will run from Canada to Southern US, will cost USD 8 billion (EUR 7.5 billion) to construct. For years, it has been a point of disagreement between the Democrat and Republican parties in the US. The North American oil industry strongly hopes to see the pipeline installed, while environmental and citizen groups have heavily protested the project and could soon revive their campaign.

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