Federal Judges Deal Two Defeats to Trump Administration's Vision of Energy Dominance

SUGAR LAND--July 8, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--July is turning out to be a bad month for President Donald Trump's goal of achieving energy dominance. One day after the owners of the Atlantic Coast Pipeline abandoned their project following adverse federal court rulings, separate federal courts ordered one operating crude oil pipeline to stop transporting oil while another court ruled against the Keystone XL pipeline in its long-running legal effort to build a 1,200-mile crude-oil pipeline connecting Hardisty, Alberta, to Steele City, Nebraska. If constructed, the $8 billion Keystone XL pipeline would transport up to 830,000 barrels of crude oil per day.

Companies featured: Energy Transfer Partners L.P. (NYSE:ETP), TC Energy Corporation (NYSE:TRP), EQT Corporation (NYSE:EQT), Enbridge Incorporated (NYSE:ENB)