Obama Administration Denies Keystone XL Oil Pipeline
Investing News Network - January 18th, 2012
Bloomberg reported that President Barack Obama denied TransCanada Corp. (NYSE:TRP) Keystone XL oil pipeline permit.
Bloomberg reported that President Barack Obama denied TransCanada Corp. (NYSE:TRP) Keystone XL oil pipeline permit.
As quoted in the market news:
The decision by the State Department today was praised by environmentalists, who said the pipeline would add to U.S. greenhouse-gas emissions, and was decried by the U.S. oil and gas industry and Republican lawmakers, who had pushed President Barack Obama to approve the project as a way create jobs.