Inter Press Service: In a decision fraught with political risk, U.S. President Barack Obama Wednesday rejected the permit for the proposed giant Keystone XL pipeline project, insisting that his administration needed more time to determine whether it served the national interest.
His decision was hailed by environmentalists, who have strongly opposed the seven-billion-dollar project that would transport oil extracted from tar sands in Canada some 2,700 kms to U.S. ports on the Gulf of Mexico, and denounced by Republicans......
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U.S.: Obama Rejects Giant Keystone Pipeline Scheme
Posted by Inter Press Service: Jim Lobe on January 18th, 2012
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