Keystone XL oil pipeline to be defeated: is Enbridge next?
It's a sour day for big oil. The Obama administration is set to reject the Keystone XL crude oil pipeline, according to news reports.
The Obama administration will likely make its announcement on TransCanada's Keystone XL pipeline late on Wednesday or Thursday, according to Reuters.
This comes after Canadian Prime Minister Stephen Harper's recent statement in support of the pipeline. While commenting on his concerns about Iran, Harper said it was "obvious what the right decision is (on the Keystone XL pipeline)", noting that the proposed pipeline would help North America's energy security and economy.
TransCanada's proposed 1,700-mile pipeline has been strongly contested by environmental advocates in the U.S. and Canada.
Although the pipeline looks to be rejected, the Obama administration may allow TransCanada to propose an alternate route for the pipeline.
- Obama signs bill forcing faster decision on Keystone XL pipeline
- Low expectations for US bill pushing Keystone approval
- Encyclopedia of Canadian pipelines: Keystone XL and Northern Gateway
- US to TransCanada: Find a new route for Keystone XL
- Government pipeline rhetoric reminiscent of Cold War, McCarthyism: prof