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Trump demands renegotiation of Keystone XL & Dakota Access pipelines to get better deal for Govt.

Author: Jennifer A Dlouhy, Meenal Vamburkar & Jennifer Jacobs, Bloomberg (USA), Published on: 27 January 2017

“Trump Pins Keystone, Dakota Pipeline Fate on Renegotiation”, 24 January 2017

President Donald Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines, while demanding a renegotiation to get a better deal for the U.S. government. Trump stopped short of green lighting construction on either pipeline but put a deadline on the government’s review of TransCanada Corp.’s proposed Keystone XL to transport Alberta oil sands crude to U.S. refineries. Trump also announced policies…to curtail federal environmental reviews for major infrastructure projects…The documents signed Tuesday include an executive order…to expedite “high-priority infrastructure projects.”…To accelerate the Dakota Access pipeline, Trump directed the Army secretary to reconsider its earlier decision to conduct deeper environmental scrutiny…Trump compelled similar action to speed permitting of Keystone XL, asking TransCanada to re-submit its application for the project…Environmentalists fiercely battled Keystone XL, making it a flashpoint in broader debates about U.S. energy policy and climate change…

[Also refers to: Enbridge Energy Partners LP, Energy Transfer Equity LP, Energy Transfer Partners LP, Marathon Petroleum Corp., Phillips 66, Sunoco Logistics Partners LP]

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Related companies: Enbridge Energy Partners