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Published: Sun, January 29, 2017
Economy | By Melissa Porter

Nebraska opponents of Keystone XL preparing for new fight

Nebraska opponents of Keystone XL preparing for new fight

Sen. Heidi Heitkamp, who supports the Keystone XL project, said, following Trump's memorandum on the construction of the pipeline, "prioritizing commonsense infrastructure projects like Keystone XL is a positive sign of our country's renewed commitment to working with Canada toward pragmatic energy solutions that benefit both of our countries".

US steelmakers will receive little benefit from the Keystone XL pipeline, despite Pres. Trump's pledge to require the project to use American-made steel, because they have limited ability to meet TransCanada's (NYSE:TRP) stringent materials requirements, analysts and traders say.

On Tuesday, US President Donald Trump signed executive orders to advance the construction of the Keystone XL and Dakota Access pipelines.

Submitted Art This map, courtesy of TransCanada Corp, shows the route of the Keystone XL pipeline from Hardisty, Alberta, to south of Steele City, Nebraska.

The order also encouraged US regulatory agencies to decide on the application within 60 days, meaning TransCanada could know by the end of March the fate of the pipeline it has been trying to build since 2008.

TransCanada spokesman Terry Cunha said they know the USA commerce secretary will devise a plan that serves the interests of the involved parties.

"We have procured a lot of the materials already, most of that was purchased within North America", said TransCanada President and CEO Russ Girling at an investor conference in British Columbia Wednesday.

WASHINGTON-For the Keystone XL pipeline, maybe the third time really will be the charm.

Mr. Trump ordered the State Department to use work from the previous application, including the Environmental Impact Statement, to the extent possible in order to expedite the review.

TransCanada employees live in 38 states where the company operates in across the U.S.

Girling says that Keystone XL remains in the national interest.

Earlier this week Girling said the company still needed to confirm shippers and determine the total capital cost of the project. From there, oil would be shipped to refineries in the Gulf Coast via existing pipelines.

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