Executives warn Obama against Keystone rejection

|By:, SA News Editor

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.