It seems after nine-years of fighting the last major regulatory hurdle for TransCanada (TSX:TRP) to complete the Keystone XL pipeline has been passed as Nebraska regulators vote to approve the project.
— Sonia Kont (@SoniaKont) November 20, 2017
The pipeline will transport oilsands oil from Alberta through Montana and South Dakota to Nebraska, where it would connect with existing pipelines that feed Texas Gulf Coast refineries.
Although the project was approved the five-member commission rejected TransCanada’s preferred route and voted to approve an alternative route that would move the pipeline further east.
The route of the new pipeline, which would carry 830,000 barrels a day of crude, would not cross any part of the state’s ecologically delicate Sandhills region.