President Obama vetoes Keystone XL pipeline bill

Keystone XL HB bug

President Obama informed the Senate today (Feb. 24) that he has vetoed a bill passed this month that would have approved the construction of the Keystone XL pipeline.

The bill now goes back to Congress, where two-thirds majorities are needed in both chambers to override the veto — which pundits have said is unlikely, given the original votes on the bill.

Votes in neither the House nor the Senate reached the two-thirds majority.

According to Overdrive polling, truckers mostly favor construction of the pipeline, which would carry crude oil — an estimated 830,000 barrels a day — from Canadian tar sands to the Gulf Coast. Canadian energy company TransCanada would be its principal user.