economy
Trump Approves 'Keystone Light' Oil Pipeline from Canada to US
President Donald Trump on Thursday approved a major oil pipeline project from Canada into the United States, reviving an initiative from his first term that the Biden administration canceled.
TL;DR
- President Donald Trump has approved a new major oil pipeline project from Canada to the United States.
- The project is a scaled-down version of the Keystone XL pipeline, which was canceled by the Biden administration.
- The pipeline, led by Bridger Pipeline, will be approximately 650 miles long and transport up to 550,000 barrels of crude oil daily.
- Canadian leaders have supported the project to strengthen energy ties and boost exports.
- The pipeline avoids some previous controversies by following existing infrastructure and not crossing Native American reservations.
- Environmental groups have criticized the approval, citing risks of spills and climate impacts, and recalling past incidents involving Bridger.
- Additional state and federal environmental approvals are required, with a potential start date of 2027.
- Trump contrasted his decision with Biden's cancellation of the original project, citing environmental grounds.