Obama Says Keystone XL Pipeline Is Dead
Prince George, B.C. – U.S. President Barrack Obama has announced that the White House has rejected TransCanada Corp’s proposed $8 billion Keystone XL pipeline which would have carried crude oil from Alberta to the U.S. gulf coast.
The proposal has been seven years in the making however Obama says it will not proceed. At a news conference this morning the American president said the pipeline would not create jobs, would not lower gas prices for American consumers and would not increase U.S. energy security. TransCanada had projected the pipeline would have created 9,000 permanent operational jobs in the U.S.
Obama stated the United States is leading the world on climate change and today has made a decision to continue that leadership. He says the XL pipeline would have negatively affected that commitment to protect the planet.
Obama said he has spoken with Canadian Prime Minister Justin Trudeau, who had come out in support of the pipeline project, and says Trudeau expressed his disappointment with the decision. Obama says the U.S. will continue to work with Canada on energy and climate matters.