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Republicans fume as Keystone oil pipeline rejected

Thu, 01/19/2012 - 5:23am
Reuters

WASHINGTON/CALGARY, Alberta (Reuters) - The Obama Administration rejected the Keystone oil pipeline on Wednesday, a move that Republicans decried for sacrificing jobs and energy security in order to shore up the president's environmental base before elections.

President Barack Obama said the administration denied TransCanada's application for the $7 billion Canada-to-Texas oil sands pipeline because there was not enough time to review an alternate route that would avoid a sensitive aquifer in Nebraska -- within a 60-day window set by Congress.

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