President Obama announces that he will not allow TransCanada Corp a cross border permit. This prevents the company from building the pipeline. Although the pipeline would be creating new jobs, others cited environmental damages that could occur during construction and general maintenance. Obama:
America’s now a global leader when it comes to taking serious action to fight climate change. And frankly, approving this project would have undercut that global leadership. And that’s the biggest risk we face — not acting.
The reality is that this decision could not be made solely on the numbers — jobs that would be created, dirty fuel that would be transported here, or carbon pollution that would ultimately be unleashed. The United States cannot ask other nations to make tough choices to address climate change if we are unwilling to make them ourselves.
TransCanada CEO Girling:
Today, misplaced symbolism was chosen over merit and science — rhetoric won out over reason. TransCanada is reviewing the decision and its rationale.