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Trump to approve Keystone XL?

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Donald Trump said Thursday he黑料社檇 approve the Keystone XL oil pipeline expansion project if the US could get a 'better deal黑料社 by receiving 黑料社渁 piece of the profits.黑料社

Speaking to reporters before addressing a petroleum conference in Bismarck, N.D., Trump said he黑料社檇 黑料社渁bsolutely黑料社 approve the proposed Canada-to-US pipeline - which was rejected by the Obama administration in November 2015. In both the press conference and speech, the Republican White House contender said the US deserves profits from the pipeline, 黑料社渂ecause we黑料社檙e making it happen.黑料社 He didn黑料社檛 elaborate on how such profits would be calculated or collected.

The Keystone XL pipeline would have run from Canada黑料社檚 oil sands to Steele City, Neb., connecting with existing pipelines to refineries on the US Gulf Coast. President Barack Obama said the pipeline wouldn黑料社檛 have served US interests. TransCanada Corp., which had requested a permit to build the pipeline, later said it would sue. North Dakota, where Trump spoke, is a major energy-producing state that has suffered as the energy industry has been hit hard by low oil prices.

Yet, oil has come back in recent months, with July West Texas Intermediate crude touching a high of US$50.21/bbl on Thursday. It settled at US$49.48, down 0.2% for the session.

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