TransCanada Receives Presidential Permit for Keystone XL

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President Donald Trump signs executive orders Jan. 24 to revive Keystone XL and Dakota Access Pipeline projects. (Source: White House Facebook page)

President Donald Trump signs executive orders Jan. 24 to revive Keystone XL and Dakota Access Pipeline projects. (Source: White House Facebook page)

TransCanada Corp. announced March 24, that the U.S. Department of State has signed and issued a Presidential Permit to construct the Keystone XL Pipeline.

RELATED: Pipeline Industry Applauds Revival of KXL, DAPL Projects

“This is a significant milestone for the Keystone XL project,” said Russ Girling, TransCanada’s president and CEO. “We greatly appreciate President Trump’s Administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America’s energy infrastructure.”

Keystone XL is an important piece of TransCanada’s comprehensive U.S. growth portfolio driving an investment of more than US$15 billion in liquids and natural gas projects that will create thousands of well-paying jobs and generate substantial economic benefits across the U.S.

RELATED: Canadian Oil Pipeline Report: Keystone XL Revival Could Spur Activity

TransCanada will continue to engage key stakeholders and neighbors throughout Nebraska, Montana and South Dakota to obtain the necessary permits and approvals to advance this project to construction.

In conjunction, TransCanada has discontinued its claim under Chapter 11 of the North American Free Trade Agreement (NAFTA) and will end its U.S. Constitutional challenge.

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