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.
- Turkish 2015 trade deficit hits $63.27 billion
- Turkish lira eases with emerging markets, eyes inflation report
- Turkey’s central bank keeps rate on hold despite pressure on lira
- Lira breaks through 3.0 threshold vs dollar, at 3-month low
- Fed lifts key interest rate from near zero
- Lira, markets dive as PM moves to soothe concerns
- Tension with Russia lowers Turkish lira, assets
- Russia to impose food ban in new sanctions against Turkey
- Turkey's businesses call for reform to maintain judicial independence
- VW cuts 1 billion euros from 2016 investment plan