- A press conference has been set for 11:45 this morning, in which Pres. Obama reportedly will announce the rejection of TransCanada's (TRP -5.3%) proposed Keystone XL pipeline.
- After seven years of delaying a final decision, Obama is expected to cite the urgency of climate change as a key reason behind his decision.
- Earlier this week, the U.S. State Department denied the company's request to suspend its permit application.
- Earlier: WSJ: Keystone pipeline rejection may come this week (Nov. 5)