President Barack Obama’s advisers are lining up against the proposed Keystone XL oil pipeline. Top Democratic donors oppose the project. And Obama himself dismisses claims that it will create many jobs.
TransCanada Corp.’s Keystone XL pipeline route through Nebraska was ruled illegal by a state court judge in a decision seen as setting back the project by as long as a year as U.S. officials consider approving it.
Energy Transfer Partners LP, a Dallas pipeline builder, was awarded $319 million by a Texas jury that found Enterprise Products Partners LP wrongfully dropped it from plans for an oil conduit to compete with the Keystone XL project’s southern leg.