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In It to Win It

(9,588 posts)
Thu Nov 21, 2024, 12:29 AM 3 hrs ago

The Trump team's plan to resuscitate a dead oil project

https://www.yahoo.com/news/gone-not-forgotten-trump-aims-230000726.html


Donald Trump is looking to revive the Keystone XL oil pipeline on his first day back in the White House, according to three people familiar with the president-elect’s plan, even though no companies are trying to build it anymore.

Trump believes declaring the 1,200-mile Canada-to-Nebraska crude project back on the table would drive the pro-oil message he delivered in his campaign, said people involved in the transition team discussions about the idea. Trump also wants to show he can defy President Joe Biden, who reversed Trump’s initial 2017 approval of the project, which was strongly opposed by the climate movement.

“It’s on the list of things they want to do first day,” said one of the people familiar with Trump’s plan, who was granted anonymity because they were not authorized to talk to the media.

But Trump's renewed interest in the pipeline faces a sharply different reality now than existed than when he first entered office.

The pipeline's permit to cross the U.S.-Canadian border was first rejected in 2015 by President Barack Obama. Trump in 2017 reversed that decision and approved the border crossing — only to have that decision revoked by Biden in January 2021. After that, TC Energy, the pipeline's developer, said it would no longer pursue its construction.
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The Trump team's plan to resuscitate a dead oil project (Original Post) In It to Win It 3 hrs ago OP
Not to worry lapfog_1 2 hrs ago #1
And TC has recently confirmed they have no interest Disaffected 2 hrs ago #2

lapfog_1

(30,143 posts)
1. Not to worry
Thu Nov 21, 2024, 12:33 AM
2 hrs ago

Trump will offer subsidies and tax breaks to anyone that wants to take over and complete the pipeline

Disaffected

(5,049 posts)
2. And TC has recently confirmed they have no interest
Thu Nov 21, 2024, 12:52 AM
2 hrs ago

in resuming the project. One reason is that the newly completed Transmountain pipeline expansion (Alberta to BC coastal port will handle the production).

And who in their right mind would be interested in reviving the project after what happened before? The project was rejected by the US, then approved by Trump and TC spent $ billions on it just to have Biden cancel it (and with no compensation for the $ TC had wasted on it).

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