President Barack Obama is scheduled to deliver a statement with Secretary of State John Kerry and Vice President Joe Biden at 11:45 a.m. Washington time. -- Bloomberg
A livestream of the President's statement.
Just out:
WASHINGTON—The Obama administration will reject the Keystone XL pipeline, according to people familiar with the decision, capping a politically charged review of the oil project that lasted more than seven years and escalated into a broader debate on energy, climate change and the economy.
President Barack Obama is expected to cite the urgency of climate change as a key reason behind his decision, these people said.
Now to keep most of the fossil fuels still in the ground... in the ground.
8:17 AM PT:
8:23 AM PT: New York Times is weighing in:
WASHINGTON — President Obama is expected on Friday to announce he has rejected the request from a Canadian company to build the Keystone XL oil pipeline, ending a seven-years-long review that had become a flash point in the debate over his climate policies.
President Obama’s denial of the proposed 1,179-mile pipeline, which would have carried 800,000 barrels a day of carbon-heavy petroleum from the Canadian oil sands to the Gulf Coast, comes as he is seeking to build an ambitious legacy on climate change.
http://www.nytimes.com/...
9:18 AM PT: See Meteor Blades' diary for a report on the President's speech.
9:21 AM PT:
9:26 AM PT:
Video of the President's statement: