Trump Wants to Revive Keystone XL. The Industry Has a Different Plan.
WSJ • • business
Key Points:
- President Trump indicated a potential revival of the Keystone XL oil pipeline amid ongoing trade negotiations with Canada to avoid new tariffs.
- Developers are working on an alternative pipeline to replace the canceled Keystone XL expansion.
- Trump has expressed support for this alternative, issuing a permit in April for it to cross the U.S.-Canada border in Montana.
- The alternative pipeline is one of three proposed projects designed to transport heavy oil from western Canada to Gulf Coast refineries.
