Obama defends handling of Keystone pipeline
President Barack Obama is defending his administration's handling of the contentious Keystone XL pipeline, saying Congress made it impossible for him to make an informed decision.
Obama says experts needed a certain amount of time to review the Keystone project, which would have run from Canada to Texas. But he says Congress wanted to make its own timeline based on politics, which forced him to reject the project.
The president says he is happy to review future permits for the Keystone pipeline.
Obama spoke Thursday at the site of another pipeline that would run from Oklahoma to Texas' Gulf Coast. Obama is directing federal agencies to expedite the 485-mile line to help remove a critical bottleneck in the country's oil transportation system.
- Deal to boost global trade reached at WTO summit
- Historic trade reform ready for WTO approval
- Survey: US companies add 215K jobs, most in year
- Supreme Court Rejects Appeal on Internet Sales Tax
- EU fines global banks $2.3 billion for market rigging
- US existing home sales fall 3.2 pct. in October
- DOJ reaches American, US Airways merger agreement
- Twitter’s Trading Debut
- Judge: Detroit eligible for Chapter 9 bankruptcy
- Iran: Nuclear deal makes oil exports smoother, cheaper