The US President has vetoed the bill approving the Keystone XL oil pipeline project that was adopted by the US Senate in January 2015 and by the House of Representatives in mid-February 2015. Neither the House of Representatives nor the Senate has the two-third majority required to override the presidential veto. This will leave the project in limbo for an indefinite period.
The Keystone XL Pipeline is a proposed 1,897 km crude oil pipeline beginning in Hardisty, Alberta (Canada), and extending south to Steele City, Nebraska (United States). It would enable to transport up to 830,000 bbl/d of crude oil to the Gulf Coast and Midwest refineries. The project was initially proposed in 2008 but aroused a fierce opposition from environmentalist groups. Total investment is estimated at US$8bn.
Source: Transcanada