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President Obama Kills Keystone XL Pipeline

'I'm disappointed that Republicans in Congress forced this decision,' Obama says.

By Reuters

Jan 18, 2012

Demonstrators protest against the Keystone XL pipeline outside an Obama fundraiser at the W Hotel in San Francisco, Calif., on Oct. 25, 2011. Credit: Credo Action, flickr

WASHINGTON—President Barack Obama on Wednesday blamed his Republican opponents for imposing an "arbitrary" deadline on his review of TransCanada Corp's plan to build the Keystone XL Canada-to-Texas crude oil pipeline, which led to its rejection.

"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a statement. "I'm disappointed that Republicans in Congress forced this decision."

(Reporting By Alister Bull and David Alexander; Editing by Sandra Maler)

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