Business
Obama to promote energy policy – to expedite Keystone XL pipeline permit
Within a month, facing a mid-February deadline imposed by that measure, Obama nixed TransCanada’s existing permit outright, saying there wasn’t enough time to thoroughly review a new route before giving it the green light.
But Obama also assured Canadian Prime Minister Stephen Harper that the decision did not reflect on the pipeline’s merits, but was merely necessitated by Republican pressure tactics. He welcomed TransCanada to propose another route.
Obama is also travelling to Nevada, New Mexico and Ohio on his western energy jaunt.
The White House says the goal of Obama’s trip is to promote the president’s multi-tiered, “all-of-the-above” approach to energy policy that involves advocating for the development of new sources of energy, domestic oil and gas production and rigorous new fuel efficiency standards.
Copyright 2012 The Associated Press.
