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Trump approves Keystone XL pipeline

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By Euronews
Trump approves Keystone XL pipeline

<p>Ahead of his healthcare defeat in Congress, President Trump gave his permission on Friday for Canadian company TransCanada to complete construction of the Keystone XL pipeline. </p> <p>The move overturns former president Barack Obama’s decision to block the project. </p> <p>The near 2000 kilometre pipeline will eventually carry tar sands oil from Canada to refineries on the US Gulf Coast in Texas. </p> <p>But despite President Trump’s latest permit, the Keystone XL pipeline project, which has faced years of stiff opposition from environmental activists and Native American groups, is far from a foregone conclusion. </p> <p>Protesters have vowed legal challenges and TransCanada still needs to get approval for the pipeline’s route through the state of Nebraska.</p> <p>In addition, high extraction costs have seen interest from oil companies in tar sands wane recently, amid sluggish oil prices.</p>