President Obama Kills Keystone XL Pipeline

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

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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