A Canadian company said it will push ahead with an oil pipeline from Canada to Texas after President Obama put the larger XL pipeline on ice over environmental concerns.
Calgary-based TransCanada can move forward with that segment of the project because it does not require presidential approval because it won’t cross a U.S. border. The shorter pipeline is expected to cost roughly $2.3 billion and be completed next year.
A White House spokesman welcomed the news of the partial project, suggesting that development of an Oklahoma-to-Texas line to alleviate an oil glut at a Cushing, Okla., storage hub. Congressional Republicans, business and even some labor groups have pressured Mr. Obama to approve the entire route as a way to boost production and create jobs.
1 comment:
why bother? nothing will change until b.o.'s gone...
Post a Comment