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Trump Pins Keystone and Dakota Pipeline Fate on Renegotiation – Bloomberg

President Donald Trump took steps to advance construction of the Keystone XL and Dakota Access oil pipelines while foreshadowing a “renegotiation” of terms and insisting that developers use U.S. steel.

Trump stopped short of green lighting construction on either project, and reiterated an earlier campaign pledge to seek a “better deal” on TransCanada Corp.’s proposed Keystone XL to transport Alberta oil sands crude into the U.S. On Tuesday, Trump called that “something that’s been in dispute and subject to a renegotiation of terms by us.”

“We are going to renegotiate some of the terms, and if they like, we’ll see if we can get that pipeline built,” Trump said. “If we’re going to build pipelines in the United States, the pipes should be made in the United States.”

https://www.bloomberg.com/api/embed/iframe?id=0a8428f5-336d-4cac-8ef7-bfea60d169a9

Source: Trump Pins Keystone and Dakota Pipeline Fate on Renegotiation – Bloomberg

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