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President Obama Rejects Construction of Keystone XL Pipeline

By Staff

 

obama keystonePresident Barack Obama rejected a request from TransCanada Corp. for the construction of the Keystone XL Pipeline Nov. 6, after a seven-year review of the controversial project.

“The State Department has decided that the Keystone XL Pipeline would not serve the national interest of the U.S.,” Obama stated from the White House Friday. “I agree with that decision.”

Previously, the president had expressed reservations regarding the proposed pipeline, which would have carried 800,000 barrels a day of petroleum from the Canada to the Gulf Coast. He cited concerns regarding climate change, and global warming, as the reasons for his decision.

Earlier this year, the debate over whether to approve the pipeline had become a symbol of great political debate, with Republicans demanding the president approve the pipeline, in order to create jobs and stimulate the economy. Some Democrats also agreed, and Obama vetoed a bill pushed through Congress to speed up the project’s approval.

According to the president, the State Department concluded the pipeline would not have lowered gas prices, which have already been lowered, nor would it have made a meaningful, long-term contribution to the economy.

“If Congress is serious about wanting to create jobs, this was not the way to do it,” Obama stated.

The president has made fighting climate change a cornerstone of his administration, and officials said he would be attending a United Nations summit meeting on climate change to be held in Paris in December.