ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Metals Service Center Institute (MSCI) President and CEO M. Robert Weidner, III issued the following statement Wednesday after President Barack Obama vetoed S. 1, the Keystone XL Pipeline Approval Act:
“MSCI and its members are disappointed with President Barack Obama’s veto yesterday of the Keystone XL Pipeline Approval Act. This bill enjoyed broad bipartisan support in Congress and the pipeline is supported by the majority of the American people. According to the U.S. State Department, the pipeline would create more than 42,000 well-paying jobs in the United States and result in safer and more environmentally-friendly transport of energy resources. The pipeline would also help ensure a reliable flow of affordable energy for the U.S. metals and manufacturing industries.
“The president’s veto is a step away from U.S. energy independence and also harms our relationship with our neighbors. An IHS, Inc. report released hours before the president’s veto said the majority of resources transported through the pipeline would stay in the United States. Canadian Prime Minister Stephen Harper and his cabinet argued forcefully in favor of Keystone approval so the president’s veto also hurts our relationship with one of our greatest allies.
“President Obama has routinely said that, in the absence of legislative action, he will act on his own to pass his policy agenda. The Keystone XL Pipeline has been under review by the Obama Administration for more than six years. In the absence of action by the executive branch, I urge members of the House and Senate to vote to override the president’s veto.”
Founded in 1909, the Metals Service Center Institute is a nonprofit trade association that represents more than 400 companies in the metals industry. The American metals industry accounts for nearly 2.5 million jobs and more than $552 billion to the nation’s gross domestic product. For more information, visit www.MSCI.org.