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00:00:00
>> The long delayed Keystone XL pipeline championed by President Trump won final approval nearly a decade after it was first proposed. Regulators in Nebraska voted on Monday to approve the 1,200 mile pipeline, which would bring crude oil from Alberta, Canada to refineries in the United States. It's the final state along the pipeline's route to sign off on the project.
00:00:20
But it's not a clear win for the pipeline's owner, TransCanada, Valerie Volcovici is following the story.>> They did give approval but it is for a different pipeline route, so the road ahead is a bit unclear for TransCanada. While they have approval for construction in the state, which is the last piece of the puzzle.
00:00:37
It's unclear at this stage whether TransCanada will wanna go ahead with this route and do all the steps it needs to to get that done or appeal the decision with the Public Service Commission and try to push for their original proposed route.>> The project has long been a lightening rod for controversy.
00:00:54
Trump's administration reversed former President Obama's earlier decision to block it. Labor unions in the energy sector say it will lower fuel prices and create jobs. Environmentalists say it will hasten global warming and threaten communities in its path. The approval comes just days after a major oil spill just days after a major oil spill elsewhere along the pipeline in South Dakota raised fresh alarms about its impact.
00:01:14
Monday's decision almost certainly isn't the last word on the matter.>> This decision will be challenged in court and there will be some market considerations. There's a glut of oil in the market. Canada's heavy oil is more expensive to produce and there's more environmental impacts. So that's another thing that's TransCanada will need to weigh in how it moves forward.