Wednesday, February 25, 2015

Keystone combatants brace for Obama's final call

President Barack Obama’s veto of the Keystone XL pipeline bill leaves its supporters bracing for his next move: deciding the fate of the $8 billion project itself.

Even if that answer is another no — as more Keystone backers are expecting — all of them vow that the heavy-oil pipeline will survive any attempt by Obama to kill it.
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While Obama has never explicitly said whether he favors or opposes the Canada-to-Texas project, his recent public statements scoffing at Keystone’s alleged economic benefits have raised expectations among greens and pro-fossil-fuel Republicans alike that he will reject TransCanada Corp.’s six-year quest for a border-crossing permit.

Obama has no deadline for making that verdict, but the speed of Tuesday’s veto suggests his administration may hustle to deliver a one-two punch by rejecting Keystone sooner rather than later. The White House issued the veto message within hours of receiving GOP-backed pipeline legislation aimed at taking the permit decision out of his hands.

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