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Republicans move to control Keystone approval

Thursday, January 12, 2012
 

(Reuters) WASHINGTON  - Congressional Republicans, who are urging President Barack Obama to give a permit to the Canada-to-Texas Keystone XL oil pipeline project, are working on a plan to take the reins of approval from the president should the White House say no.

Senator John Hoeven of North Dakota, a state counting on TransCanada Corp's pipeline to help move its newfound bounty of shale oil, is drafting contingency legislation that would see Congress green-light the project, an aide told Reuters.

After delaying the $7 billion project past the November 2012 election, Obama was compelled by Congress to decide by February 21 on whether to approve the pipeline that would sharply boost the flow of oil from Canada's oil sands

for Full Article: http://www.reuters.com/article/2012/01/12/us-usa-keystone-bill-idUSTRE80A28C20120112