Senate Democrat floats Keystone proposal for highway bill

Reuters News
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Posted: Mar 07, 2012 5:43 PM
Senate Democrat floats Keystone proposal for highway bill

WASHINGTON (Reuters) - A new proposal to ban exports of oil from the Keystone XL crude pipeline from Canada and require American iron and steel be used to build it was presented by Dmocratic Senator Ron Wyden on Wednesday as a potential amendment to the Senate's highway bill.

The amendment is intended to counteract a Republican proposal that would fast-track TransCanada's $7 billion project, which has been delayed by President Barack Obama, who has insisted the pipeline needs more environmental review.

(Reporting by Roberta Rampton; Editing by Eric Beech)