Wednesday, January 18, 2012

President’s rejection of Keystone project

“Media reports of the president's rejection of the Keystone XL pipeline confirms what Oklahomans already know: Obama cares more about his re-election prospects than our nation's energy independence and the hundreds of thousands of jobs this project would create.
“Pandering to far-left environmentalists might please the president's friends at, but it won't help relieve the glut of crude oil in Cushing, won't create jobs for Oklahomans, and certainly won't make America's energy future secure." Pro Tem Bingman said in a statement on the President’s rejection of Keystone project .
The Obama administration today formally rejected a bid by Canadian energy company TransCanada to build a $7 billion oil pipeline linking the tar sands of Alberta to refineries on the Gulf of Mexico.
The Keystone XL project, which was estimated to create thousands of U.S. jobs, became an election-year lightning rod, embroiling President Obama, congressional Republicans, labor unions and interest groups in a heated debate over jobs and the environment.

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