CNBC has confirmed within the past hour that the Obama administration will reject the application for the TransCanada Keystone XL oil sands pipeline. Energy prices are generally unaffected:
Other reports:
NPR: Reports: Obama Administration Will Reject Keystone Pipeline Proposal
NY Times: State Dept. to Put Pipeline on Hold, Officials Say
BBC: Keystone XL oil pipeline plan 'to be rejected'
Politico: Keystone XL pipeline to be rejected by Obama administration
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