Obama rejects Keystone XL pipeline bid

11/7/15
 
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from FoxNews,
11/6/15:

President Obama announced Friday that he has rejected Canadian energy giant TransCanada’s application to build the Keystone XL pipeline, saying that the pipeline was not in the U.S. national interest.

“The State Department has decided the Keystone XL pipeline would not serve the interests of the United States. I agree with that decision,” Obama said at a White House press conference.

Killing the pipeline allows Obama to claim aggressive action on the environment. That could strengthen his hand as world leaders prepare to finalize a major global climate pact next month in Paris that Obama hopes will be a crowning jewel for his legacy.

Alberta-based TransCanada first applied for Keystone permits in September 2008 — shortly before Obama was elected. As envisioned, Keystone would snake from Canada’s tar sands through Montana, South Dakota and Nebraska, then connect with existing pipelines to carry more than 800,000 barrels of crude oil a day to specialized refineries along the Texas Gulf Coast.

Democrats and environmental groups latched onto Keystone as emblematic of the type of dirty fossil fuels that must be phased out. Environmentalists chained themselves to construction equipment and the White House fence in protest.

But Republicans, Canadian politicians and the energy industry touted what they said were profound economic benefits — thousands of U.S. construction jobs and billions injected into the economy.

Obama dismissed the claims that Keystone would be a major job creator.

Republicans called the decision disappointing.

“President Obama’s rejection of the Keystone XL Pipeline is a huge mistake, and is the latest reminder that this administration continues to prioritize the demands of radical environmentalists over America’s energy security,” said. Sen. Marco Rubio, R-Fla.

Former Pennsylvania Sen. Rick Santorum condemned the decision in a tweet.

“It [is] ironic that after delaying construction for more than seven years – postponing the jobs, revenues and other benefits that would result from the project – the president now finds it pressing to make a decision …,” Sen. John Hoeven, R-N.D. said in a statement.

Meanwhile 2016 hopeful Bernie Sanders called support for the pipeline “insane.”

“It is insane for anyone to be supporting the excavation and transportation of some of the dirtiest fuel on earth. As someone who has led the opposition to the Keystone pipeline from Day 1, I strongly applaud the president’s decision to kill this project once and for all,” Sanders said.

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Obama rejects Keystone XL pipeline bid