Obama Rejects Keystone Pipeline

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President Obama is killing the keystone x-l pipeline because he does not believe it serves the national interest. Fox News correspondent Peter Doocy is in Washington with the latest on the story.
The State Department formally rejecting the keystone x-l oil pipeline as the Obama administration continues to promote its environmental agenda and efforts to fight climate change. The president rejecting claims the pipeline would stimulate jobs.
“The pipeline would not make a meaningful long term contribution to our economy.”
The president’s announcement following secretary of state John Kerry’s recommendation to reject the pipeline, concluding the project is not in the country’s national security interest.
“This pipeline would neither be a silver bullet for the economy as was promised by some nor the express lane to climate disaster proclaimed by others.”
Washington has spent more than seven years deciding whether to approve the northern leg of the eight-billion dollar pipeline which would take oil from Canada’s crude-rich tar sands to Illinois, then onto U.S. refineries near the Gulf of Mexico.
“They decided to put environmental extremism over thousands of good paying American jobs. That is a mistake.”
There are two-point five million miles of oil and gas pipelines crisscrossing the United States but just one proposed stretch, from Canada to Nebraska, has become a flash point in the debate over the president’s climate policies and economic agenda.
“Our country needs to be energy independent. It not only helps us from a national security point of view, if we are energy independent, it gives us a better chance of attracting you know the kind of industries that all Americans want.”
Next month, the Obama administration is hoping to broker an international agreement seeking to reduce carbon dioxide emissions and enact other policies to curb climate change around the world.
In Washington Peter Doocy, Fox News.

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