Keystone XL pipeline, TransCanada

TransCanada still has hope that the Keystone XL pipeline will be approved by the new Congress, and the company is calling out the legislators in the US government to overcome a threatened veto by President Obama. When Republicans in the new Congress won a majority of seats this provided hope that the long stalled project would finally get back on track once more. President Obama has made his disapproval of this project very clear, to the point that some believe the US President wants to see Americans pay high prices for oil and gasoline. One of the first things taken under review by the Republican House of Representatives was the Keystone XL pipeline project. 60 senators took the step of co-sponsoring the bill and 63 more expressed that they would support the bill when it comes up on the floor. This gives the bill enough votes to pass the House and move on to the Senate.

When the Keystone XL pipeline bill was approved by the House of Representatives Josh Ernst, the White House Press Secretary, told journalists that “If this bill passes this Congress, the president wouldn’t sign it.” Even a presidential veto would not stop the bill if two thirds of Congress approves it though. Russ Girling, CEO and President of TransCanada, said “The review process for Keystone XL has been anything but a ‘well-established process. We are well over the six-year mark reviewing the final phase of Keystone with seemingly no end in sight. The bar continues to move again and again… It’s time to make a decision.”