Does the economy trump the environment? In the case of the Keystone XL pipeline, the reality increasingly appears to be yes, regardless of whether you believe that climate change helped turbocharge Hurricane Sandy into a potentially $60 billion wrecking machine.
TRP) pipeline that would carry some 1 million barrels of oil per day from Canada to U.S. refineries in the Gulf of Mexico. In congratulating Obama's re-election victory, the American Petroleum Institute jumped on the pipeline as a first order of business to help create jobs, generate government revenue and "strengthen our energy and national security." Pushing for Keystone approval has been API's focus ever since.America's oil and natural gas industry have been ratcheting up calls for President Obama to give long-awaited approval for a TransCanada (
"It's a fundamental infrastructure question," said Jack Gerard, API's president and CEO, in an interview with Environment and Energy News this week. "Are we going to build theRead More »from Even After Sandy, Environment Takes a Backseat to the Economy