76°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

Obama: Keystone offers little benefit to consumers

2 years 10 months 2 days ago Friday, December 19 2014 Dec 19, 2014 December 19, 2014 1:11 PM December 19, 2014 in News
Source: Associated Press
By: APNewsNow

WASHINGTON - President Barack Obama downplayed the benefits of building the Keystone XL pipeline from Canada. He said it would not lower gasoline prices and argued more jobs would be created by repairing America's infrastructure.

He said the pipeline would mainly benefit Canadian oil companies that need to get Canadian oil to the Gulf of Mexico.

He said the pipeline is "not even a nominal benefit for U.S. consumers."

Obama spoke Friday during his year-end news conference, shortly before he was leaving the White House for a Hawaii vacation.

Obama has resisted efforts by Republicans to authorize the pipeline's construction. Incoming Senate Majority Leader Mitch McConnell has said it would be the first bill taken up in the new GOP-controlled Senate.

Environmentalists have made opposition to its approval a priority.

Related Stories

More News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days