Keystone Pipeline Alive Despite Permit Denial

Law360, New York (January 18, 2012, 4:24 PM EST) -- President Barack Obama's politically explosive rejection of TransCanada's proposed Keystone XL pipeline on Wednesday will cause delays, but it won’t doom the $7 billion project in the long run, experts say.

Obama said the denial was not a judgment on the merits of the pipeline, and blamed congressional Republicans for forcing a conflict by legislating an unrealistic 60-day deadline to approve or deny the application. Republicans countered that the project, which has been under review since 2008, should be immediately approved in an effort to add...
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