ANNOUNCEMENT 06 Nov 2015In November 2015, the government of the United States of America announced changed rules for foreign investors.
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Federal Register Volume 80, Number 236 (Wednesday, December 9, 2015) at https://www.gpo.gov/fdsys/pkg/FR-2015-12-09/html/2015-31038.htm. Additional information concerning the Keystone XL pipeline Presidential Permit application and documents related to the Department of State's review of the application can be found at http://www.keystonepipeline-xl.state.gov.
On November 6, 2015, the Department of State announced the Secretary of State's determination under Executive Order 13337 that issuing a Presidential Permit to TransCanada Keystone Pipeline LP for the proposed Keystone XL pipeline's border facilities would not serve the national interest, and denied the permit application. This decision prohibits TransCanada from constructing, connecting, operating, and maintaining pipeline facilities at the border of the United States and Canada in Phillips County, Montana, for the export of crude oil from Canada to the United States.