January 19, 2012

Congressman Fred Upton (R-St. Joseph), Chairman of the House Energy and Commerce Committee, speaks with Larry Kudlow on CNBC following the President's rejection of the Keystone XL pipeline project. Upton and fellow House Energy and Commerce Committee leaders have outlined new plans to move forward on the job-creating project. The Keystone XL project is a proposed 1,700-mile extension of an existing pipeline linking energy supplies in Canada to the United States. When complete, the Keystone pipeline system is expected to carry 1.4 million barrels of oil each day to refineries in the United States, significantly expanding North American energy supplies and reducing our need to import oil from unstable regions of the world. Building the Keystone XL pipeline is projected to directly create 20,000 construction and manufacturing jobs, not to mention the thousands of additional jobs and economic benefit that comes from an infrastructure project of this magnitude and the secure, stable energy supplies it will deliver. For Fred's full statement following the President's announcement, please visit: http://upton.house.gov/News/DocumentSingle.aspx?DocumentID=275332