US Senate rejects Keystone XL Bill

By Argus Media.

The US Senate narrowly rejected a bill to authorize TransCanada to build its proposed 830,000 b/d Keystone XL pipeline today.

The Senate voted 59-41 in favor of a measure to enable TransCanada to construct the $5.4bn pipeline to carry heavy Canadian crude to the US midcontinent, where it would link up with an existing network feeding US Gulf coast refineries.

That was short of the 60 votes Democrats and Republicans had agreed would be necessary to pass the bill.