A U.S. Senate committee approved a bill that would bypass President Barack Obama and permit the long-delayed Keystone XL pipeline, part of a drive by a bipartisan group of lawmakers to force a vote by the full Senate.
A divided U.S. Congress probably won’t agree to revamping the tax code this year, according to the head of the American Petroleum Institute, which is lobbying to protect breaks for the oil and gas industry.
The factions waging war over the Keystone XL pipeline are aiming a last-minute lobbying surge at a small group of Democrats likely to be pivotal in a U.S. Senate vote next week to force approval of the project.
The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.
The proposed Keystone XL pipeline cleared a key hurdle today with a government study that found its impact on the climate would be minimal, which supporters said meets President Barack Obama’s test for allowing the project to be built.
American Petroleum Institute President Jack Gerard said he believes President Barack Obama will approve the Keystone XL Pipeline this year, after another environmental-impact study of the proposal is complete.
Aug. 28 (Bloomberg) -- Jack Gerard, president of the American Petroleum Institute, Carlos Gutierrez, vice chairman of the institutional clients group at Citigroup Inc., Leonard Cali, senior vice president of external and legislative affairs at AT&T Inc., and Robert Litan, director of research at Bloomberg Government, talk about the U.S. regulatory environment. They speak at the Republican National Convention in Tampa, Florida, as part of the Bloomberg/2012 Tampa Host Committee Economic Development Series. Bloomberg's Michael Riley moderates the panel. (Source: Bloomberg)
The top Republican on the Senate Energy Committee urged President Barack Obama to end a 39-year ban on exports of U.S. crude oil, joining what is shaping up as a major election-year debate over energy policy.