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Keystone XL Approved by Congress, Faces President’s Veto

Posted February 12, 2015

Under Economic Issues, International Trade Issues

(CBC News)

The U.S. House of Representatives has passed a bill to approve the long-pending Keystone XL pipeline and send the bill to President Barack Obama, who has vowed to veto it.

The Republican-controlled House voted 270-150 to approve construction of the $8-billion project, backed by Calgary-based TransCanada Corp.

The pipeline, which would carry Alberta oilsands bitumen and light oil from the U.S. Midwest to the Gulf Coast for refining, has been waiting seven years for approval. Click here to read more.