Senate Approves Keystone Pipeline
Thursday, after two weeks of debate and voting on 41 amendments, the U.S. Senate approved S. 1, a bill that would authorize the construction of the Keystone XL pipeline. The legislation passed with a 62 to 36 vote and nine Democrats voted with all Republicans to get the legislation passed. The U.S. House passed similar legislation (HR. 3) earlier this month. The Senate and House must reconcile the differences in the two bills before it can be sent to the President’s desk. President Obama has stated that he would veto any legislation that would approve the Keystone XL Pipeline. It is unclear at this point if there is the required two-thirds votes in both chambers to override his veto.
This is a huge victory for IME. Not only is the pipeline a safer and more efficient means to transport crude oil, but building the pipeline would also mean thousands of American jobs in the construction and construction services industries.