Tuesday, January 13, 2015

The Keystone XL battle could go on all year - Yahoo Finance

 

That will only be the beginning of the drama, however, because Obama has pledged to veto such legislation. Assuming he does (and Congress fails to override the veto), the stakes will rise as Republicans craft new tactics to avert or overcome a veto and the White House digs in its heels. “It’s good news for anybody in Washington who works on Keystone,” quips Matt Letourneau, a spokesman for the U.S. Chamber of Commerce’s Institute for 21st Century Energy, which lobbies in favor of the pipeline. “It’s quite possibly going to go on all year.”
Serving "the national interest"

Lost amid the political intrigue is the fact that the Obama administration can approve Keystone XL without any legislation at all — and there remains a small chance it could still do that. The State Department has approval authority because the pipeline would originate in a foreign country, and it must decide whether the pipeline “would serve the national interest” — a standard that obviously entails some subjectivity.

Read more:  The Keystone XL battle could go on all year - Yahoo Finance

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