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Federal Judge Blocks Construction of Keystone XL Pipeline

4 monthes ago   |   By Fortune

U.S. District Judge Brian Morris Thursday froze construction of the Keystone XL oil pipeline, which would link Canada to the Gulf of Mexico and carry up to 830,000 barrels a day (the U.S. produced 11.3 million barrels per day in August 2018). Morris wrote that the present administration's permit ignored previous factual findings on climate change and lacked sufficient environmental impact analysis.
The $8 billion pipeline proposed by Calgary-based energy firm Transcanada has been the root of a years-long battle. On one side, environmentalists argue that it represents a harmful extension of...
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