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Thursday, Oct 10
Executives warn Obama against Keystone rejection
- U.S. corporate heavyweights including GE's Jeffrey Immelt, AT&T's Randall Stephenson and Boeing's James McNerney - not the usual Big Oil suspects - are among 165 top business leaders who expressed strong support for approval of the Keystone XL pipeline (TRP) in an Oct. 9 letter to Pres. Obama.
- The business leaders say the U.S. economy is at an inflection point, and whether growth remains modest or picks up speed depends on maintaining investor confidence and strengthening America’s competitiveness; they say the decision on Keystone will affect both.
- The sentiment may raise the stakes for Obama, who is expected to decide early in 2014 whether to allow the project.