Keystone Killed
After seven years of dithering, President Obama killed the Keystone pipeline on Friday. He said the project wouldn’t make a meaningful long term contribution to the economy.
Matt Lewis in The Week explains the real reason the president took so long. Labor unions were for the pipeline and environmentalists were against it. Labor isn’t happy:
We are dismayed and disgusted that the president has once again thrown the members of [The Laborers’ International Union of North America], and other hard-working, blue-collar workers under the bus of his vaunted ‘legacy,’ while doing little or nothing to make a real difference in global climate change. His actions are shameful. [LIUNA, via The Hill]
New Canadian Prime Minister Justin Trudeau took the slap in the face more gracefully.
Warren Buffett took the news gracefully too. Oil not shipped by pipeline will have to he shipped by train. He owns the trains.
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