The Republican-controlled United States Senate on Thursday approved a bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment.
TransCanada is moving to acquire the remaining land in Nebraska needed to build its controversial Keystone XL pipeline after the state's high court earlier this month removed a major legal barrier for the planned route.
U.S. President Barack Obama's apparent unwillingness to expedite approval of TransCanada's Keystone XL pipeline has hurt U.S.-Canada relations, says the Republican senator who tabled the latest Senate bill approving the project.
A 50-per cent plunge in the price of crude oil, resulting from abundant global oil supplies, and cheaper gasoline at the pump raise critical questions about whether the Keystone XL oil pipeline is still needed or even makes financial sense.
The Keystone XL pipeline decision now rests in President Barack Obama's hands, with a Nebraska court clearing an obstacle that has delayed a decision following years of debate over the Canadian oil project.