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Trump Set to Approve Keystone Pipeline by Monday, Report Says

The decision comes a mere 16 months after the State Department, under Obama, stopped the construction of the pipeline.
March 23, 2017, 9:05pm

Below is what happened on Trump's 43rd day in office. You can find out what damage was done every other day so far on the Saddest Calendar on the Internet.

The Trump administration will approve the Keystone XL pipeline by early next week, according to sources knowledgeable of the plan, reportsPolitico.

The decision comes a mere 16 months after the State Department, under Obama, stopped the construction of the pipeline.

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The State Department's undersecretary for political affairs, Tom Shannon, plans to sign the pipeline's permit by Monday, which is the last day of the 60-day deadline that Trump ordered in January, according to Politico.

The Standing Rock Sioux tribe saw a triumph earlier this week regarding the pipeline when Netherlands-based bank ING sold its $120 million share of the loan for the pipeline. The Dutch company was one of 17 banks funding the $2.5 billion loan to Energy Transfer Partners, the US Fortune 500 natural gas and propane company building the pipeline.

"We are heartened that ING has made the conscious decision to remove itself from a project that tramples on the rights of sovereign nations," Standing Rock Sioux Tribal Chairman Dave Archambault II said in a statement. While ING hoped to send a message, other investors have yet to follow its lead.

In the meantime, steel companies will start to build the pipeline—though not with all that American steel that Trump promised. In his January 24th memo, Trump signed a directive requiring that "all new pipelines, as well as retrofitted, repaired, or expanded pipelines, inside the borders of the United States, including portions of pipelines, use materials and equipment produced in the United States, to the maximum extent possible and to the extent permitted by law." At this year's Conservative Political Action Conference, he said the material for the Keystone and Dakota pipelines will "[come] from the United States, or we're not building it.

However, a White House spokeswoman stated that Trump's "buy American" rules do not apply to the Keystone pipeline.

"The way that the Executive Order is written is actually…specific to new pipelines or those that are being repaired," the spokeswoman said. "Since [Keystone] is already currently under construction…it was hard to go back."

According to a 2012 memo from TransCanada, roughly half of the pipe will be manufactured in America, while 25 percent will come from Canada, and the remainder will come from from Italy and India.