By Jennifer Jacobs, Jennifer Dlouhy and Meenal Vamburkar, Bloomberg:
President Donald Trump took steps to advance construction of the Keystone XL and Dakota Access pipelines, marking the start of an era with fewer constraints on the oil industry to the chagrin of environmentalists who have bitterly fought the projects.
The moves, among Trump’s first actions since taking office, are a major departure from the Obama administration, which rejected TransCanada Corp.’s Keystone proposal in 2015 and has kept Dakota Access blocked since September. Environmentalists, concerned about climate change and damage to waters, land and Native-American cultural sites, now face an executive branch that’s less sympathetic to their efforts. For the oil industry, it heralds more freedom to expand infrastructure and ease transportation bottlenecks.
“We are going to renegotiate some of the terms,” Trump told reporters today in the Oval Office as he signed the two measures. “We will build our own pipelines we will build our own pipes.”…
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