Union Hammers Obama for ‘Gutless’ Keystone XL Delay

‘The administration is making a political calculation instead of doing what is right for the country’
Large sections of Keystone Pipeline in Texas

A top labor union blasted the Obama administration on Friday over what it described as a nakedly political decision to once again delay a decision on the construction of the Keystone XL pipeline.

These Maps Destroy Any Objections to Keystone XL Pipeline

An activist dressed as a polar bear participates in a protest vigil in Lafayette Park across from the White House

On Friday, President Barack Obama extended the decision on Canada’s Keystone XL pipeline until after the 2014 midterm elections. Announced on a Friday afternoon (the Good Friday holiday, no less) the story was barely covered by mainstream media outlets already heading out of town for their extended Easter weekend.

In a call with reporters on Friday, a Senior State Department official speaking on background said the administration “felt that it is important to have additional information and a better understanding of what that route might be, because it could have implications for the environmental, cultural and socioeconomic impacts that are being evaluated by the agencies.”

This explanation is spurious, at best. The U.S. portion of Keystone will consist of 1,078 miles of 30″ pipeline. Sounds like a major environmental issue, right? Not when compared to the already existing 2.3 million miles of pipeline already in the U.S. pumping petroleum, gas, and chemical products every day.

The Black Book of Tom Steyer

Allegations of fraud plague hedge fund of Democratic super-donor
Tom Steyer believes in American democracy… for now (AP)

The former hedge fund of one of the Democratic Party’s most important donors was involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court.

Farallon Capital Partners L.P., a fund run by Farallon Capital Management, the multibillion-dollar hedge fund founded by Democratic donor Tom Steyer, became a limited partner in a project to build a large shopping mall near Seattle, Wash., in the mid-1990s after it guaranteed a line of credit for the project.

The Power of Steyer

U.S. extends Keystone XL comment period, delaying final decision
Construction of the TransCanada Keystone XL Pipeline in Texas / AP

(Reuters) – The Obama administration said on Friday it would extend the period of time for federal agencies to weigh in on the Keystone XL oil pipeline, giving no new deadline.

The move, which likely delays a final decision beyond November mid-term elections, angered Republican and some Democrat lawmakers who have urged President Barack Obama to make the final decision on TransCanada’s project after more than five years of government reviews.