Mar 29, 2019

Trump issues presidential permit to start Keystone XL construction

Trump's announcement of the construction of Keystone XL Pipeline sparked protests among environmental groups and Native Americans. Photo: Nicholas Kamm/AFP/Getty Images

President Trump signed a presidential permit on Friday to authorize construction of the Keystone XL pipeline across the border between Canada and the U.S. 2 years after he initially approved the project, reports the AP.

Details: The permit allows TransCanada Corporation to begin construction on the pipeline at the Montana border to import oil between the 2 countries. A federal district court judge in Montana blocked the construction of the pipeline in November 2017, and ordered an environmental review according to the Washington Post.

Why it matters: Stephan Volker, a lawyer who represented environmentalists during a lawsuit to stop the pipeline, said it was unlikely for the construction of the pipeline to continue without a court order, per the Washington Post.

Our thought bubble: This move reaffirms Trump's longstanding support for the pipeline, but it's unclear whether it does much else. The project is mired in legal and permitting setbacks that are unlikely to be resolved by a presidential permit.

Axios reached out to the White House regarding the presidential permit, but has not heard back.

Go Deeper: Trump will reverse Obama's actions on Keystone XL and Dakota pipelines

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Macy's to furlough 130,000 employees

Macy's flagship store in New York on March 24, 2020. Photo: John Lamparski/NurPhoto via Getty Images

Macy's will furlough the majority of it's workers this week, as the chain's stores remain closed due to the coronavirus outbreak, the Wall Street Journal reports.

Details: Macy's sales have seen a drastic decline, having shuttered its stores on March 18. The company employs about 130,000 people, per the Journal. It will retain workers for its e-commerce operations, distribution and call centers. The chain told staff it will continue to cover 100% of its employees health care premiums at least through May.

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