Sen. Cornyn introduces legislation to authorize Keystone XL Pipeline
U.S. Senator John Cornyn (R-Texas) on Jan. 30 joined a bipartisan group of senators, including Sens. Hoeven (R-N.D.), Lugar (R-Ind.), and Vitter (R-La.), to announce they will introduce legislation to approve the Keystone XL pipeline project following the President’s denial of the permit:
“The Keystone XL pipeline will bring thousands of long-term jobs and energy security to the United States, and will be good for the economy, good for national security, and good for Texas,” said Sen. Cornyn.
The Keystone XL pipeline project has been under review for more than three years, but President Obama rejected it saying the Administration has not had enough time to review the project. The legislation authorizes TransCanada to construct and operate the Keystone XL pipeline from Alberta, Canada, to the U.S. Gulf Coast, transporting an additional 830,000 barrels of oil per day to U.S. refineries. The bill allows the company to move forward with construction of the pipeline in the United States while the state of Nebraska works to determine an alternative route.
According to Sen. Cornyn’s office, the impact on Texas of President Obama’s denial of the Keystone XL Pipeline includes the potential loss of $2 billion in economic output and the potential loss of $41 million in construction tax revenue.
From our partners
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Mummified human remains found at the site of a planned quarry in Indiana1147 Views
- A quarry worker was found dead in a lake a week after he fell from a floating dredge1039 Views
- MSHA rolls out new Part 50 training program539 Views
- Senate DRIVE Act is a six-year transportation bill with three-year Highway Trust Fund financing guarantee288 Views
- MSHA highlights second quarter metal/non-metal accidents206 Views