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Tue Apr 17, 2012, 07:31 PM

White House threatens to veto bill on Keystone [View all]

Source: Reuters

By Roberta Rampton

WASHINGTON | Tue Apr 17, 2012 4:42pm EDT

(Reuters) - The White House on Tuesday said Obama would veto legislation before the U.S. House of Representatives that sought to force approval of the stalled Keystone XL oil pipeline as part of a new 90-day extension of federal transportation funding.

President Barack Obama earlier this year put a hold on TransCanada's $7 billion project, designed to bring crude oil from Canada and North Dakota to Texas refineries, because he said it needed further environmental review in Nebraska.

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The House is expected to vote on the transportation funding bill as early as Wednesday.

The Senate would have to agree to the funding extension and the Keystone plan before the measure could reach Obama's desk.

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Read more: http://www.reuters.com/article/2012/04/17/us-usa-keystone-idUSBRE83G1F820120417

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