Economics

Keystone Foe Steyer Brings Fight to Site of Obama Pledge

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As the U.S. prepares to release an environmental review of the proposed Keystone XL pipeline, opponents are arguing that the project can’t meet a standard for carbon emissions that President Barack Obama set in June.

The opponents made their case yesterday during a conference at Georgetown University in Washington, where earlier this year Obama declared he wouldn’t back the project if it were found to significantly increase carbon-dioxide emissions, which many scientists have linked to global warming. The event was sponsored by NextGen Climate Action, a group funded by billionaire investor and pipeline foe Tom Steyer.