Keystone XL survived politics but economics could kill it - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Keystone XL survived politics but economics could kill it

By GRANT SCHULTE
Associated Press

LINCOLN, Neb. (AP) - Low oil prices and the high cost of extracting Canadian oil are casting new doubts on the Keystone XL pipeline as project developer TransCanada faces its final regulatory hurdle in Nebraska.

After nine years of protests, lawsuits and political wrangling that saw the Obama administration reject Keystone XL only to have President Donald Trump revive it, the economics of the project have worsened. Shippers have also found other ways to transport oil.

Project opponents say they're not letting their guard down and will continue to protest.

Officials with Calgary-based TransCanada will try to persuade the Nebraska Public Service Commission to approve the pipeline during a series of hearings that start Monday. The company says it will decide whether to proceed with the pipeline in late November or early December.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsNewsMore>>

  • Trump to unveil 'America First' national security strategy

    Trump to unveil 'America First' national security strategy

    Monday, December 18 2017 5:10 AM EST2017-12-18 10:10:02 GMT
    Monday, December 18 2017 11:21 AM EST2017-12-18 16:21:13 GMT

    The Republican president will detail his plans Monday, which could sharply alter the United States' relationships with the rest of the world.

    The Republican president will detail his plans Monday, which could sharply alter the United States' relationships with the rest of the world.

  • Trump: I'm not considering firing special counsel Mueller

    Trump: I'm not considering firing special counsel Mueller

    Sunday, December 17 2017 12:09 PM EST2017-12-17 17:09:51 GMT
    Monday, December 18 2017 11:12 AM EST2017-12-18 16:12:19 GMT

    President Trump is poised to bask in the triumph of his first major legislative victory with the likely passage of tax legislation this week.

    President Trump is poised to bask in the triumph of his first major legislative victory with the likely passage of tax legislation this week.

  • A CDC ban on 'fetus' and 'transgender?' Experts alarmed

    A CDC ban on 'fetus' and 'transgender?' Experts alarmed

    Saturday, December 16 2017 7:49 PM EST2017-12-17 00:49:07 GMT
    Monday, December 18 2017 11:11 AM EST2017-12-18 16:11:10 GMT

    Health leaders say they are alarmed about reports that officials at the nation's top public health agency are being told not to use certain words in official budget documents, including "fetus," and "transgender.".

    Health leaders say they are alarmed about reports that officials at the nation's top public health agency are being told not to use certain words in official budget documents, including "fetus," and "transgender.".

Powered by Frankly