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API: Denying or delaying Keystone XL is reckless policy

WASHINGTON, November 9, 2011 - After three years of thorough review by the Obama administration, the American Petroleum Institute again calls on the President to approve the Keystone XL pipeline by the end of the year and put 20,000 Americans to work.

"The review for this project has been exhaustive and unprecedented," said API Refining Manager Cindy Schild. "The administration needs to keep its commitment to a nation struggling with high unemployment by approving the largest shovel ready project by the end of the year. In addition to the jobs created this critical project will also greatly strengthen our nation's energy and economic security. 

"We urge the President to do what's right for our country.  Each delay has bred nothing but more delay which is standing in the way of safely moving vital energy for American consumers and the overall economy.  Strengthening our energy partnership with Canada  is a critical step in reducing America's reliance on oil from less friendly sources and allowing us to control our energy future.  In fact, a recent poll found that nearly 80 percent of Americans favor more oil from Canada, already our number one supplier of foreign oil.  If a decision is not made in 2011, the President will have failed to fulfill a promise of creating jobs and strengthening our energy security. We hope that he does not go back on his word."

The Keystone XL pipeline has the support of organized labor, business, mayors and veterans groups from across the country as well as many members of Congress from both sides of the aisle.

Let's face the facts. The Canadian oil sands are being developed. Oil will be a part of our energy equation for the foreseeable future and we have the opportunity to secure the energy we will need from a friendly and reliable trading partner - Canada.

When the House passed legislation requiring a decision on Keystone XL by November 1 with an overwhelming bipartisan margin, the administration claimed it was "unnecessary" because the State Department was committed to making a decision on the project by year's end.  We again call on the President to stick to his word.

API represents more than 480 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America's energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested more than $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.
 

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