The Obama administration has been caught between two key constituents regarding TransCanada Corp.’s proposed $7 billion Keystone XL oil pipeline that would deliver crude oil from the tar sands of Alberta to the Gulf of Mexico. Green activists want to kill the project over environmental concerns, but labor unions are salivating over the tens of thousands of jobs the project would create. So in a profile of political courage that would make J.F.K. proud, the administration has decided – not to decide. At least not yet. Reports the L.A. Times: “The Obama administration put off until after the 2012 election a politically charged decision on whether to approve the controversial Keystone XL oil pipeline.” Mighty optimistic of the president, we must say.
Share this post!