U.S. President Donald Trump signed executive orders to advance construction of the Keystone XL and Dakota Access pipelines. Bobbi Rebell reports.
U.S. President Donald Trump signed executive orders to move forward with construction of the Keystone XL and Dakota Access pipelines. He told reporters his team will renegotiate terms and conditions for both, adding the construction of Keystone will help create 28,000 jobs. James Nolt of World Policy Institute. SOUNDBITE: JAMES NOLT, SENIOR FELLOW, WORLD POLICY INSTITUTE, (ENGLISH) SAYING: "If there's two industries that he is most close with, it's certainly construction and oil and gas industry, so I'm not surprised at all with his decision to try to push ahead with pipeline deal. He's also shown very little sensitivity to environmental issues, which are, of course, one of the roadblocks to completing the project." Former president Barack Obama rejected Keystone oil pipeline in November 2015, after environmentalists campaigned against the project for more than seven years. Dakota Access Pipeline has also faced opposition. Protesters rallied for months against plans to route it beneath a lake near the Standing Rock Sioux reservation, saying it threatened water resources and sacred Native American sites. Shares of ETP, the company building the Dakota line, rose on the news. Shares of TransCanada, the firm behind the Keystone project, were up as well.