A U.S. Senate committee soon to be led by Republicans will hold a hearing next week on legislation to approve TransCanada Corp. (TRP)’s Keystone XL pipeline, bypassing the current review by the Obama administration.
The energy committee hearing on Jan. 7, a day after Congress reconvenes, will help get a Keystone measure “to the floor as soon as possible,” Robert Dillon, a spokesman for the panel, said today in an e-mail.
Keystone, proposed in 2008 to carry oil sands from Alberta to U.S. refineries along the Gulf of Mexico coast, has fueled a debate over jobs, energy security and the environment. Backers say it will create jobs and reduce U.S. reliance on imported oil. Environmentalists say the pipeline would worsen climate change by encouraging development of oil sands, which are more carbon intensive than other forms of oil.
Pipeline supporters came within a vote of passing on Nov. 18 a similar measure that would let TransCanada build the cross-border project, as proposed. The Senate bill failed even with pressure from co-sponsor and Louisiana Democrat Mary Landrieu, who cajoled colleagues to back the measure as a boost to her re-election. Landrieu lost a run-off election on Dec. 6.
Senator Mitch McConnell, incoming majority leader, has vowed to make Keystone the first bill passed in 2015. House Speaker John Boehner also plans to push a bill.
The House plans to vote on the legislation in the first two weeks of the session, Matt Sparks, an aide to Majority Leader Kevin McCarthy, said in an e-mail to Bloomberg BNA.
Senator Lisa Murkowski of Alaska, who takes over as energy committee chairman after Republicans won control of the Senate, also intends to move quickly to get action on the bill, Dillon said. A vote by the full chamber probably won’t occur until after Obama’s State of the Union speech on Jan. 20.
“It is our understanding that you may schedule” a vote “during the first two weeks” of the Congress, they wrote.
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