Obama vetoes Keystone XL pipeline bill
US president sends the politically charged issue back to Congress.
Oil & Gas
Alberta oil sands
The White House sent notice of the veto to the Senate Feb. 24, shortly after the bill was received at the White House.
First proposed in 2008, the pipeline, if approved, would connect Canada’s oil sands to Gulf Coast refineries.
Calgary-based TransCanada Corp. is the pipeline project’s developer.
Republicans in the US and the energy industry say the $8 billion project would create jobs, spur growth and increase America’s independence from Mideast energy sources.
Democrats in the US and environmental groups have sought to make the pipeline a poster child for the type of dirty energy sources they say is exacerbating global warming.
Obama’s move sends the politically charged issue back to Congress, where Republicans have yet to show they can muster the two-thirds majority in both chambers needed to override Obama’s veto.
© 2015 The Canadian Press