Obama Vetoes Keystone XL Pipeline Bill
The Keystone XL cross-country oil pipeline is headed back to the drawing board.
On Tuesday, President Barack Obama notified Congressional leaders his intention to veto the bill that would usher the pipeline project toward reality. The reason given for the dismissal of the legislation that supporters say would bolster U.S. energy independence and create huge numbers of jobs is simple. The White House has yet to decide if the $8 billion project that would move oil pumped from the U.S. and Canadian northern Plains to the Gulf of Mexico for refining and export would increase the amount of "dirty energy" refined and consumed in the U.S., in turn offsetting any other efforts to clean the nation's energy sector and promote more renewable, cleaner fuel sources, officials and reports show. This potential conflict is the reason for the veto, not a denial of the pipeline as a potential economic boon for both the U.S. oil industry and the economy in general in the northern Plains.
"That is an evaluation that's being carefully considered by the State Department, and that's where this study currently resides," White House Press Secretary Josh Earnest said Tuesday of the research being done to determine whether the pipeline's construction would offset efforts to cut carbon emissions in the U.S. "And I’m confident that they will consider the EPA analysis as they formulate a final opinion on whether or not the Keystone project is in the national interest of the United States."
That means the President's signature could still grace the Keystone XL pipeline bill's pages once that analysis is complete, officials say.