Keystone XL Pipeline Defeated By Senate
The Keystone Pipeline XL was brought to public attention in 2008 when TransCanada opted for permission to construct a 1,179-mile pipeline which would carry oil down from Canada into the United States.
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Earlier this year, the State Department said that the project could create about 42,000 jobs in the first year and earn $2 billion.
Even if the bill was passed, however, allowing the construction of the pipeline, the White House noted that President Obama would immediately veto it.
Read more at CNBC.
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