Jan. 21, 2015
House OK's Keystone, But...
On Jan. 9, the House passed H.R. 3 by a vote of 266-153 to approve construction of the controversial Keystone XL pipeline, which would link Canada’s shale fields to refineries on the Gulf of Mexico. But the measure must still make it through the Senate before passing on to President Obama, who has said he will veto it.
"The House has shown real leadership their first week in session by passing Keystone XL legislation," said Thomas J. Gibson, president and CEO of the American Iron and Steel Institute, which represents domestic steel producers. "Ensuring a robust energy infrastructure is critical for domestic economic growth and job creation, and is essential to the international competitiveness of American manufacturing—particularly in energy-intensive industries like steel.
"Pipelines have long been recognized as one of the safest, most reliable and well-regulated ways to move crude oil and petroleum products. The Keystone XL pipeline will create over 42,000 jobs and provide $2 billion in economic growth. Passing Keystone XL is a win-win, especially after so many years of bureaucratic hurdles, and we urge the Senate to show the same support in coming weeks," says Gibson.