Just because it looks as if the Keystone Pipeline is dead, don’t think that this fight is over. Some very powerful people stand to make tons of money for this project to simply die. It will be back, I promise.
For the second time in as many months, the Obama administration has rejected the Keystone XL pipeline—a hugely controversial project that would traverse the length of the country from Nebraska to the Gulf of Mexico, carrying heavy and dirty tar sands oil from deep in Canada.
You’ll recall that, following a summer of protests and civil disobedience, the administration announced in November that it was delaying the project for at least a year, until a less disruptive route around a key aquifer in Nebraska could be studied and proposed. (Many believe this delay would kill the project entirely).
But Republicans successfully revived the project during the end-of-year negotiations on the payroll tax cut and unemployment insurance. Democrats desperately wanted these measures, and the final bill included a provision that would force the State Department to issue a decision on Keystone within two months. (more…)
Oh, btw, I don’t buy the GOP argument that the pipeline would make 2500 or 100,000 jobs. Media Matters clearly shows how the media pumped up the jobs numbers.
It appears that Congressional leaders and the Bush administration have hammered out an agreement. The details of this agreement have not been released. Staffers will be typing out a final draft so that it can be ready for discussion and voting in the morning.
It appears that all the money will not be dispensed all at once.
There’s a limit on senior executive compensation.
Taxpayers should benefit if the companies that participate in this program return to profitability.
There is a provision instated by the House Republicans designed to encourage homeowners who are struggling to pay their mortgages to take out some sort of government insurance policy. I’m still not exactly sure how this would work.
Senators Chris Dodd (D-CT) and Russ Feingold (D-WI) released the following statement today in response to the announcement that the Senate this week will consider the compromise legislation that would reform the Foreign Intelligence Surveillance Act (FISA) this week.
“This is a deeply flawed bill, which does nothing more than offer retroactive immunity by another name. We strongly urge our colleagues to reject this so-called ‘compromise’ legislation and oppose any efforts to consider this bill in its current form. We will oppose efforts to end debate on this bill as long as it provides retroactive immunity for the telecommunications companies that may have participated in the President’s warrantless wiretapping program, and as long as it fails to protect the privacy of law-abiding Americans.
“If the Senate does proceed to this legislation, our immediate response will be to offer an amendment that strips the retroactive immunity provision out of the bill. We hope our colleagues will join us in supporting Americans’ civil liberties by opposing retroactive immunity and rejecting this so-called ‘compromise’ legislation.”