Official press releases from companies or industry reports

Trump to Revive Keystone XL Pipeline on Day One, Despite No Companies Building It

Nov 21, 2024, 02:01 AM

Donald Trump is planning to revive the Keystone XL oil pipeline on his first day back in the White House, according to a report by Politico. Despite the fact that TC Energy, the company behind the project, has withdrawn and dismantled the pipeline due to a lack of support, Trump aims to send a pro-oil message and challenge President Biden's 2021 revocation of the permit. The Keystone XL pipeline, which would have transported oil from Canada to the United States, was canceled after Biden revoked its permit on his first day in office. Trump's plan underscores his commitment to boosting U.S. energy production and reducing energy prices, with a promise to "slash energy prices in half."