Obama’s denial of Keystone XL Friday, over the determination it would undercut US leadership on climate change, means all pipelines are going to be harder to build, according to Edward Jones & Co.
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Rep. Mike Pompeo tells Newsmax TV he is “sickened” by President Barack Obama’s decision to reject the proposed Keystone XL oil pipeline from Canada and says the project was killed to please the “radical environmental left”.
Prime Minister Justin Trudeau calls the decision disappointing, but he understands Obama’s right to decide.
“And in the coming weeks senior members of my team will be engaging with theirs in order to help deepen that cooperation”.
First, the president said the pipeline wouldn’t make “a meaningful, long-term contribution” to the economy. I’m not at all surprised he would reject Keystone, a project that would have created tens of thousands of jobs and delivered more than 800,000 barrels of oil per day.
The pipeline was proposed to run 1,179 miles from the Western Canadian oil sands in Alberta to refineries in Texas.
“We desperately need change in this process”, said Heitkamp, adding that it has been too politicized for too long. “It is insane for anyone to be supporting the excavation and transportation of a few of the dirtiest fuel on Earth”, said Sanders, Politco reported.
Despite the rejection, Calgary-based TransCanada’s top executive said he continues to believe that a pipeline would eventually be built.
Republicans, the oil industry, and several Democrats from oil-producing states such as North Dakota have supported the project as one that would create jobs and stimulate economic growth.
“TransCanada and its shippers remain absolutely committed to building this important energy infrastructure project”, CEO Russ Girling said in a statement. “Today’s decision deals a damaging blow to jobs, the economy and the environment on both sides of the border”.
However environmentalists were overjoyed at the news and said it was time to change American energy policy completely.
October 15, 2010 – As the permit is reviewed, then Secretary of State Hillary Rodham Clinton says the department is “inclined” to approve project.
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Nebraska governor Pete Ricketts said the president’s decision was “politically-motivated”, and “puts jobs and this tax revenue at risk”.
