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The president vetoed legislation to allow the construction of the Keystone XL pipeline today
The White House announced today that President Obama vetoed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In his message to the Senate, the president said that the legislation “attempts to circumvent longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest.”

The bill passed the House 270 to 152 and the Senate 62 to36 – short of the two-third...

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