Last January, President Barack Obama rejected TransCanada Corp.?s proposal to build a pipeline carrying Canadian bitumen from the Alberta oil sands to refineries in the United States, including some in Texas on the Gulf of Mexico coast. The rejection was a calculated election-year move aimed at appeasing Mr. Obama?s supporters in the powerful environmental movement. With his re-election, the President should now move quickly to approve the Keystone XL pipeline on its merits alone.
Those merits are many, and they serve both Canada and the United States. TransCanada Corp. has proposed a new route that avoids environmentally sensitive areas in Nebraska and reduces potential impact on the vital Ogallala aquifer. The pipeline?s construction will create jobs, secure a hungry market for the heavier crude from the oil sands, decrease North American dependency on overseas oil, and help lower the price of gas in the United States. The pipeline has even been touted as the best way for Canadian producers to export crude to China, by putting it on ships once it arrives in the Gulf.
read full article http://www.theglobeandmail.com/commentary/editorials/president-obama-its-time-to-approve-the-keystone-pipeline/article5085359/
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