Obama Administration To Fast-Track Permit Process For Southern Part Of Keystone XL Pipeline
President Obama will make the announcement Thursday in Cushing, OK.
Late last month, TransCanada, the company behind the Keystone XL Pipeline, announced it would move forward with the process to build the southern portion of the pipeline, which would begin in Cushing, the president’s third stop on his two-day energy tour. The White House praised the move.
Still, the permit process for a project like this can typically take a year or more. The source familiar with the president’s announcement says the administration could shave several months off that timeline.
Senior administration officials would not confirm the president’s plan to unveil the effort to cut red tape for the project, though one senior administration official acknowledged the need to deal with the glut of oil in Cushing, where oil from the Midwest hits a bottleneck as it is transported to the Gulf of Mexico.Click here for reuse options!
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