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*Obama dodged green discontent if indeed true

Obama set to reject Keystone oil pipeline: sources

Source:  Copyright 2012, Reuters
Date:  January 18, 2012
Byline:  Jeff Mason
Original URL: Status ONLINE

The Obama administration was poised on Wednesday to reject the Keystone crude oil pipeline, according to sources, a decision that would be welcomed by environmental groups but inflame the domestic energy industry.

Sources familiar with the matter told Reuters the administration could announce its rejection of TransCanada's Keystone XL pipeline late on Wednesday. But State Department spokeswoman Victoria Nuland said later that it has not made a decision on the proposed pipeline.

TransCanada Corp. shares slid more than 3 percent after reports that rejection was imminent.

"We're expecting the pipeline to be rejected," the source said.

Rejection of the pipeline had been expected in Washington after Obama tried to delay the decision until 2013 but Congress forced his hand as part of a popular tax cut measure. Republican lawmakers have already begun work on a plan to let Congress circumvent the administration and give the project the ...

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