There is no resolution yet on a proposed $7 billion Canadian-U.S. oil pipeline, as President Obama has continued to delay his decision on whether to approve it. Before the construction and operation of TransCanada's Keystone XL pipeline expansion can progress, the President, through the U.S. State Department’s permitting process, must grant final approval — an approval which has been in political limbo for the past three years.
In a bill passed in July by the U.S. House of Representatives, the North American-Made Energy Security Act obliged the President to decide by November 1 whether to move forward with the 1,700-mile pipeline, which would transport Canadian crude oil from the Athabasca Oil Sands in northeastern Alberta, Canada, to Steele City, Nebraska, and then on to the Gulf Coast.
As The New American reported two weeks ago, political opposition and environmental rhetoric hover around Obama’s verdict to approve the Keystone XL pipeline.
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