November 12, 2016

Trump holds interest in Keystone Pipeline company

Groupspeak - Donald Trump will be moving forward with the Keystone pipeline project once he’s president that was put to a halt by President Obama, calling it a “priority of his administration.”

The president-elect is on board with top Republicans in the U.S. Senate, who have asked him to move quickly in his first 100 days, which will allow Calgary-based TransCanada Corp. to ship bitumen from Alberta’s oil sands to U.S. Gulf Coast refineries. Environmentalists and ranchers, who hailed President Obama’s decision, have bitterly opposed the pipeline over concerns of oils spills.

It was also revealed by Time Magazine that Trump owns stock in the company building the pipeline, Energy Transfer Partners.

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