Trump OKs Keystone pipeline:

President Donald Trump greenlighted the longdelayed Keystone XL pipeline on Friday, declaring it a “great day for American jobs” and siding with energy advocates over environmental groups in a heated debate over climate change.

The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through the United States. Trump’s State Department said the project advances U.S. national interests, in a complete reversal of the conclusion President Barack Obama’s administration reached less than a year-and-a-half ago.

“It’s a great day for American jobs and a historic moment for North America and energy independence,” Trump said, standing alongside TransCanada’s CEO in the Oval Office. Keystone will reduce costs and reliance on foreign oil while creating thousands of jobs, he said, adding: “It’s going to be an incredible pipeline.”

The decision caps the long scientific and political fight over a project that became a proxy battle in the larger fight over global warming. And Friday’s decision, while long foreshadowed by Trump’s public support for Keystone, represents one of the biggest steps to date by his administration to prioritize economic development over environmental concerns. TransCanada, Trump said, can now build Keystone “with efficiency and with speed.” Though it still faces other major hurdles, including disputes over the route, the president said the federal government was formulating final details “as we speak.”