U.S. President Donald Trump signed executive orders Tuesday reviving the construction of two controversial oil pipelines, but said the projects would be subject to renegotiation.
TransCanada Corp.’s Keystone proposal and Dakota Access pipelines were rejected and halted by the Obama administration because of concern about climate change and damage to waters, land and Native-American cultural sites.
The Financial Post reports that President Trump addressed the media in the oval office today saying, “We are going to renegotiate some of the terms. We will build our own pipelines, we will build our own pipes.”
Trump also said that the [projects are], “Subject to a renegotiation of terms by us – we’re going to renegotiate some of the terms. And if they’d like, we’ll see if we can get that pipeline built.”
What this means for Canada is unknown. Only time will tell if Canadian’s will benefit from more jobs being created or if we’ll get snubbed from our older brother to the south.