Obama administration nixes Keystone XL pipeline
WASHINGTON - After seven years of federal review, the Keystone X-L oil pipeline has been rejected.
President Barack Obama says he made the decision because the proposed project wouldn't serve U.S. national interests, and would have undercut the country's global leadership on climate change.
Speaking at the White House today, Obama said the pipeline wouldn't have lowered U.S. gas prices or made the country less dependent on foreign energy. And he said it wouldn't have been a long-term job-creator.
He also said the project had taken on an "overinflated role" in U.S. political discourse.
That role is not likely to diminish as the presidential campaign continues for another year.
Obama said both sides of the debate had overstated their claims. He said the pipeline "would neither be a silver bullet for the economy, as was promised by some, nor the express lane to climate disaster proclaimed by others."
Obama also noted that he would travel to Paris in a few weeks to meet with world leaders at an international climate summit.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Residents in Bayou Pigeon prepare for heavy rain; some fear losing their...
Flooding fear pushed Baton Rouge homeowner to purchase personal aquadam
Drainage issue identified months ago, neighborhood flooded in May
Nakamoto obtains State Police memo: Guilty verdict 'important' to clear troopers of...
Football players help residents fill sandbags ahead of potential severe weather