View Cart (0 items)
Oil & Gas

Obama Administration rejects Keystone XL Pipeline

January 19, 2012
/ Print / Reprints /
| Share More
/ Text Size+

WASHINGTON — The Obama Administration has denied a permit for the Keystone XL Pipeline, a proposed $7 billion pipeline system that would transport oil from Canada to multiple destinations in the U.S.

In a statement released Wednesday, President Obama said that a deadline backed by Congressional Republicans “prevented a full assessment of the pipeline’s impact.”

“This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people,” Obama said in the statement.


Obama to face ‘political consequences’ if pipeline goes unapproved, lobbyist warns

You must login or register in order to post a comment.