Canada is pursuing costly new carbon taxes and regulations.
Canada is pursuing new carbon taxes and regulations at a fast pace.
On Feb. 24, President Barack Obama vetoed Senate Bill 1, a.k.a. “The Keystone XL Pipeline Approval Act.” Mr. Obama’s action was not only predictable, it was virtually inevitable given a) the political polarization in the United States; b) unrelenting environmental opposition to the pipeline; and c) a certain amount of congressional over-reach.
The newest entrant into the ongoing saga of the serially-delayed Keystone XL pipeline is the U.S. Environmental Protection Agency, which recently created yet another reason to delay the project that would carry Canadian oil to refineries in the U.S. Gulf Coast.