Trump Win Revives Keystone Hopes, Boosts Dakota Access Outlook
- President-elect has said he would approve TransCanada’s line
- Administration seen encouraging oil and gas infrastructure
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Donald Trump’s U.S. presidential election victory came as a positive surprise for pipeline proponents.
Energy Transfer Partners LP’s controversial Dakota Access Pipeline is likely to be the immediate beneficiary. TransCanada Corp.’s Keystone XL project, rejected by the Obama administration a year ago, could be resurrected. A Republican-controlled government would likely expedite project approvals and permitting by regulators.