Obama to rule on Keystone despite builder's plea for delay
Source: Reuters
Politics | Tue Nov 3, 2015 5:01pm EST
Obama to rule on Keystone despite builder's plea for delay
WASHINGTON | By Timothy Gardner and Roberta Rampton
President Barack Obama wants to rule on the long-pending Keystone XL oil pipeline by the end of his presidency, the White House said on Tuesday, calling a request by the project's Canadian developer to delay a review "unusual."
Obama, who has increasingly focused on environmental issues as his presidency nears its final year, plans to decide on TransCanada Corp's (TRP.TO) pipeline before he leaves office in 2017, White House spokesman Josh Earnest told reporters.
The president has increasingly signaled the $8 billion pipeline may not be approved.
Obama is concerned the method used to extract oil in Canada would be "extraordinarily dirty," a description the Canadian government has argued is unfair.
He also said that the pipeline would not be approved if it mostly benefited Canadian companies and would contribute to climate change.
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Read more: http://www.reuters.com/article/2015/11/03/us-transcanada-keystone-idUSKCN0SS2HA20151103