Obama expected to reject Keystone XL pipeline – Politico

keystone_obama

The long-awaited decision is a huge loss for the oil industry, the Canadian government and Republicans in Congress.

President Barack Obama is poised to reject the Keystone XL oil pipeline, handing a major victory to green activists in the defining environmental controversy of the president’s tenure.

Obama is scheduled to give a statement at 11:45 a.m. Friday in the White House, with Vice President Joe Biden in attendance, following a meeting with Secretary of State John Kerry.

The long-awaited decision is a huge loss for the oil industry, the Canadian government and Republicans in Congress, although GOP lawmakers have vowed to continue trying to force approval of Keystone using must-pass legislation. Obama acting just days after his administration rejected developer TransCanada’s request for a pause in its review of the project, a move that could have pushed the decision into the next presidency.
It also promises to put new pressure on Democratic front-runner Hillary Clinton. Her long-delayed declaration just two months ago that she too opposes the $8 billion, 1,179-mile project has inspired her more left-leaning primary opponents to accuse her of flip-flopping.

Whether Keystone remains a political albatross on Capitol Hill depends partly on factors outside Obama’s control, including the historic plunge in global oil prices that has diminished the U.S. oil industry’s appetite for Canadian crude. The seven-plus years it has taken for the administration to weigh the fate of the project succeeded in shunting the pipeline’s day of reckoning past a series of political landmines, including Obama’s reelection, last fall’s midterms and last month’s electoral defeat of Canada’s most outspoken Keystone supporter, Conservative Prime Minister Stephen Harper.

Read more here.

Share

Comments

comments

')