By Argus Media.
The Republican-controlled US Senate today failed to override President Barack Obama's veto of a bill to authorize construction of the Keystone XL oil pipeline.
The Senate voted 62-37 to override the veto, four votes shy of the two-thirds majority of those voting needed for passage. That means Congress' effort to override Obama's veto is dead.
The bill would have enabled Canadian midstream company TransCanada to build its proposed $8bn, 830,000 b/d Keystone XL pipeline without further regulatory scrutiny. The project would transport crude from Alberta's oil sands and the Bakken formation to the US midcontinent, where it would link up with an existing pipeline infrastructure feeding refineries along the US Gulf coast.
Obama vetoed the bill on 24 February.