Trump OKs Keystone pipeline, calling it 'great day' for jobs

The presidential permit was signed by Thomas Shannon, the undersecretary of state for political affairs.

President Donald Trump granted a permit to TransCanada (NYSE:TRP) that allows the company to begin building the Keystone XL pipeline, a hot-button issue during the recent election campaign.

The newspaper said the underground, 36-inch pipeline would carry 830,000 barrels of heavy crude oil daily from the oil sands region of Alberta, Canada, to refineries along the Texas Gulf Coast.

In a statement, Russ Girling, TransCanada president and CEO, said the permit approval was "a significant milestone", and added "We greatly appreciate President Trump's Administration for reviewing and approving this important initiative".

Canada's hotly debated, long-delayed Keystone XL pipeline received its elusive US presidential permit from Donald Trump on Friday, eight years and six months after the initial application for it to cross the American border.

Trump pledged early in his tenure to fast-track the permitting process for pipelines like Keystone XL and the Dakota Access project.

"On behalf of thousands of people who have worked very hard to get here, as you pointed out, a very long time to get here, we're very relieved and very much just want to get to work", Girling said.

Keystone XL opponents renewed their commitment Friday to fight the project.

President Donald Trump's administration issued a permit Friday to build the $8 billion project, reversing the Obama administration.

How many jobs Keystone will create is also widely disputed.

It received new life on Friday. Wow, holy crap. We're going to get so many American jobs.

The company proposing the pipeline, Calgary-based TransCanada Corp., estimates the project could create up to 6,500 construction jobs for two years.

South Dakota's Cheyenne River Sioux and Rosebud Sioux tribes have said they will provide space to resist construction of the pipeline, said Goldtooth, who was a key figure at the main Dakota Access camp. In Nebraska, for example, the route must still be approved, and opponents have repeatedly thwarted TransCanada's attempts to access the necessary land. The presidential permit comes almost a decade after Calgary, Alberta-based TransCanada applied to build the $8 billion pipeline.

Although the commission is partisan, Nebraska's constitution requires members to serve in a role akin to judges, and they don't take public positions on specific projects before a case is heard. They linked the pipeline to climate change, citing current methods to extract oil from Canada's tar sands are more destructive than other approaches. The State Department, in reviewing it, had indicated that it would have no impact on carbon emissions.

"It's going to be an incredible pipeline, greatest technology known to man or woman", Trump said.

However, South Dakota Democratic Party Executive Director Suzanne Jones Pranger said the pipeline will not have a positive impact on residents.

The Ogallala is one of the world's largest aquifers, covering almost 450,000 square kilometers and eight US states.

With the approval, TransCanada said that it will drop the $15 billion claim that it filed under the North American Free Trade Agreement and a lawsuit it had filed claiming that Obama's decision was unconstitutional. (It suspended the suit February 28.) Chloe Schwarbe, the faith economy ecology program director for the Maryknoll Office for Global Concerns, said that suit is a sign of the "fingerprints of corporate influence" on the permit approval. Company officials have said the project will be among the safest in the nation and point to an existing Keystone pipeline that already runs through eastern Nebraska.

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