Keystone XL Pipeline's Fate To Provide Early Test for Re-Elected Obama
"Almost as soon as the networks had declared victory for President Obama last night, environmental activists announced plans for a White House protest over the fate of a controversial oil pipeline."
"It was a reminder of one of the biggest energy policy decisions Obama will have to make in his second term: whether to approve the Keystone XL pipeline that would transport crude from Canada's oil sands to the Texas Gulf Coast.
In putting off a final decision on Keystone until after the election, Obama was seen as giving himself some breathing room to make a call likely to upset a key Democratic constituency whichever way it went. Approving the pipeline would anger environmental groups who say developing the oil sands would sound a death knell for the climate. But denying it would upset labor unions in sectors that would benefit from the thousands of jobs that would be created through its construction."Source: Greenwire, 11/08/2012