Rounds Signs onto Keystone XL Pipeline Legislation,
Disappointed by President’s Veto Threat
WASHINGTON – U.S. Senator Mike Rounds (R-SD) today announced he is one of 60 bipartisan cosponsors to a bill approving the Keystone XL pipeline project. The bill, S. 1, is the first piece of legislation being considered in the Senate and the first bill Rounds is sponsoring as a Senator. Yesterday afternoon, President Obama indicated he would veto the legislation.
“Approval of the Keystone XL pipeline is long overdue. South Dakotans – and all Americans – overwhelmingly support it,” said Rounds. “I’m disappointed the President failed to listen to the will of voters by threatening to veto this important project. Instead, he’s pandering to the extreme left minority of his party. My hope is that cooler heads will prevail at the White House as we send this and other commonsense bills his way in the future.”
Offered by Sens. John Hoeven (R-ND) and Joe Manchin (D-WV), S. 1 authorizes TransCanada to construct and operate the Keystone XL pipeline from Alberta, Canada, to the U.S. Gulf Coast, transporting an additional 830,000 barrels of secure North American oil per day to U.S. refineries. The U.S. State Department estimates that Keystone will create 42,100 American jobs. Upon passage, a presidential permit would no longer be needed to approve the project. It is expected to pass the Senate with broad bipartisan support.
The Keystone XL pipeline project has been under review for more than six years, with five State Department issued environmental impact reports determining that the pipeline poses no major environmental risks.