President Obama is going to announce any minute that his administration is formally opposed to the creation of the Keystone XL pipeline. The White House didn't reveal anything about the pipeline, but The New York Times says that the time is coming for the president to take a stand.
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"Obama is expected to cite the urgency of climate change as a key reason behind his decision," Amy Harder from The Wall Street Journal wrote, citing people familiar with the decision.
The rejection of the Keystone Pipline shouldn't come as a surprise to anyone who knows what Obama has stood for in the past - add to his desire to stop climate change and the fact that it is a Republican bill, and this announcement probably isn't necessary. In fact, Obama vetoed a bill in February on the same thing.
The company behind the pipeline, TransCanada, asked that the State Department suspend the permit application for the process in a move that many people saw as the ultimate nail in the coffin for the project.
Supporters of the Keystone Pipeline argues that it would create jobs and lower energy costs. However, the Democrats are afraid that it will do irreparable damage to the earth via climate change.
“This is a big win," May Boeve, executive director of the environmentalist group 350.org said in a statement. "President Obama’s decision to reject Keystone XL because of its impact on the climate is nothing short of historic — and sets an important precedent that should send shockwaves through the fossil fuel industry."
The State Department, who for years has been reviewing this project and commenting on different ways to make it work, didn't comment either way. The White House has also declined to comment.
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More will be added as the announcement happens.