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
Sandvik Construction’s extensive range of rock tools are world renowned for combining advanced materials technology, with skillful design focusing on…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Quarry explosion damages homes and cars and injures one person541 Views
- The Labor Department is auditing MSHA for allegedly failing to collect penalty fines393 Views
- Lafarge CEO awarded $2.78 million bonus for 'key role' in merger393 Views
- Caterpillar intros 336F L XE hybrid excavator: smart pumps, boom work faster, burn less fuel (PHOTOS)343 Views
- Lafarge, Holcim announce job cuts ahead of merger238 Views