Thu, Mar 5, 2015, 6:43 AM EST - U.S. Markets open in 2 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

Valero Energy Corporation Message Board

  • bluecheese4u bluecheese4u Jun 25, 2013 7:17 PM Flag

    In climate speech, Obama sets carbon limits on Keystone project

    In climate speech, Obama sets carbon limits on Keystone project

    By Justin Sink - 06/25/13 02:21 PM ET

    President Obama said Tuesday that the controversial Keystone XL pipeline should only be approved if the project would not “significantly exacerbate” greenhouse gas pollution.

    “Allowing the Keystone pipeline to be built requires a finding that doing so would be in our national interest,” Obama said during a speech at Georgetown University on his climate change plans.

    “Our national interest will be served only if this project doesn't significantly exacerbate the problem of carbon pollution,” Obama said. “The net effects of the pipeline's impact on our climate will be absolutely critical to determining whether this project can go forward.”

    The State Department already said in a March draft environmental review that the proposed Canada-to-Texas pipeline wouldn't significantly boost greenhouse gas emissions, but the White House has thus far avoided weighing in on the pipeline.

    Republicans, who have hailed the pipeline as a way to create jobs, said Obama's comments should lead to a speedy approval of the project.

    “The standard the president set today should lead to speedy approval of the Keystone pipeline," Brendan Buck, a spokesman for Speaker John Boehner (R-Ohio), said in a statement. "Based on the lengthy review by the State Department, construction of the pipeline would not have a significant environmental impact. It’s time to sign off on Keystone and put Americans to work.”

    Keystone has been a difficult political issue for Obama, given the support of labor groups for the project but the opposition of green groups, who denounce its environmental impact. The announced policy keeps the president from killing the pipeline outright, while attempting to pacify green activists in the Democratic base.

    While the implications of Obama’s Keystone comments remain murky, one Senate Republican bashed the president’s threshold for approving the pipeline.

    Sen. Joh

 
VLO
59.08-1.00(-1.66%)Mar 4 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.