The 645-mile pipeline, dubbed "Keystone Light" in reference to Keystone XL line cancelled in 2021 after former President Joe Biden revoked its US permit, would move up to 550,000 barrels per day of Canadian crude into American markets
The Trump permit enables construction of a 645-mile Canada-to-Wyoming crude pipeline connecting to one in Alberta, but challenges from environmental groups as well as further state and federal reviews are still ahead.
Blackstone, PIMCO back Related Digital's Oracle campus as Michigan attorney general challenges state regulators' expedited approval of DTE Energy's supply agreements
Financing is secured and construction is underway, but power contracts behind Michigan's massive Oracle data center are now before the Michigan Court of Appeals.
Probable Maximum Loss-based underwriting and delay-in-startup insurance constraints are capping limits, leaving one-third to half of project values outside traditional insurance
Hyperscale projects are outgrowing insurance capacity, leaving billions of dollars worth of construction risk uncovered as owners, contractors and insurers shift to partial-coverage.
Construction site preparation is already underway for AlumniFi Field, a planned 15,000-seat capacity stadium in southwest Detroit that is expected to be completed by the 2027 soccer season.