Obama vows to speed up pipeline building
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Friday 23 March 2012
The political row over the stalled Keystone XL oil pipeline from Canada to the US escalated yesterday, when presidential plaudits for part of the project served only to highlight how the White House has blocked full approval.
Stung by criticism that his failure to green light the full extent of the pipeline has contributed to rising fuel prices, Barack Obama promised to help speed up building of a link from the US oil trading hub at Cushing, Oklahoma, to refineries on the Gulf Coast. "I'm directing my administration to cut through the red tape, break through the bureaucratic hurdles and make this project a priority," he said at the TransCanada Stillwater pipe yard in Cushing.
It was not immediately clear if the president's words would actually help speed construction, however. This section of the project does not need White House approval and has not drawn the wrath of environmentalists, like the longer section stretching up into the Canadian oil sands region. The State Department has pushed back a decision on that longer stretch until after November's presidential election.
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.