BusinessQuiet 85d · day 85
Trump eyes Keystone XL revival; industry pursues alternate pipeline routes
The president wants to resurrect the controversial pipeline, but energy companies are developing alternatives that bypass its contentious name.
What to know
- Trump wants to revive Keystone XL, but the energy industry is developing alternative pipelines to achieve the same goal while sidestepping the name's political baggage.
- The alternatives would deliver Canadian heavy oil to Gulf Coast refineries using a trio of proposed routes.
- The divergence reflects industry caution about the continued controversy surrounding the original Keystone XL project.
“A trio of proposed pipelines would serve the same function—delivering heavy oil from western Canada to Gulf Coast refineries—without the hot-button name.”
Ryan Dezember, WSJ reporter · Wall Street Journal ↗
Trump PresidentEnergy industry Pipeline developers
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