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Obama rejects Keystone XL, saying pipeline wouldn’t create many jobs, lower gas prices or boost U.S. energy security
The move ends — for now — a seven-year saga over the proposed pipeline.
Attorney General Eric T. Schneiderman has subpoenaed documents from Exxon Mobil following reports the oil giant funded — and then suppressed — research exposing the risks of climate change decades ago.
The recent surge in domestic oil and gas production offers an opportunity for the United States and China to collaborate, according to a new report.
Although the move stopped short of a final decision on the $8 billion project, it was seen as paving the way for an eventual rejection of the proposed pipeline.
Democratic presidential candidate Bernie Sanders joined prominent environmentalists in urging Obama to reject Keystone XL now — weeks before international climate negotiations.
Oil producers’ hopes for lifting the crude export ban this year may have diminished, but they’re keeping pressure on Senate Democrats with an eye on 2016.
Oil producers and their allies in Congress had hoped to use the highway bill as a vehicle for unrelated provisions lifting the 40-year-old ban on U.S. crude exports.
The strategy could give a big boost to crude exports — a top priority for oil producers and Republican allies on Capitol Hill — by tethering the issue to a federal highway bill and a reauthorization of the Export-Import Bank that is popular with Democrats.
The Calgary-based company called for a delay while a Nebraska route review is underway, a process expected to take seven months to a year.
The Environmental Working Group paper could add fuel to an argument that the renewable fuel standard is too reliant on corn-based ethanol, instead of sophisticated next-generation alternatives that have been tougher to commercialize.