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7:58 am
Thu January 19, 2012

XP Pipeline- A No Go

Undated – Okla. officials blast Obama over pipeline move

OKLAHOMA CITY (AP) Governor Mary Fallin and other elected officials are blasting President Barack Obama for his decision to reject a permit to build a Canada-to-Texas oil pipeline that would cross Oklahoma.

Obama on Wednesday announced that he turned down the proposal for the 1,700-mile pipeline because Congress gave him a 60-day deadline that did not allow for a thorough review of the project.

Fallin says the rejection of the pipeline will cost the state an estimated 1,200 construction jobs and more than $1 billion in new investment in Oklahoma.

A TransCanada official said last week that if approved, the next phase of the project was to build a large pipeline from the oil storage center in Cushing, Oklahoma, to refineries along the Texas Gulf Coast.