Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
President Obama will have the final say on whether the Keystone XL gets built.
In an interview with the Nebraska news station, Obama said that the State Department will be giving him a report “over the next several months”, which he will use to make a decision.
“The state department is in charge of analyzing this, because there is a pipeline coming in from Canada. They’ll be giving me a report over the next several months. My general attitude is what is best for the American economy and what is best for the American people short term and long term,” said Obama to KETV NewsWatch 7’s Rob McCartney
Obama highlighted concerns over aquifers and how water quality could be adversely affected by the pipeline.
The importance of the decision has been ratcheted up on both sides. The Republican Party is framing the decision as whether the administration wants to support jobs and the economy. Opposition to the Keystone is coming from some the left who see the Keystone as contributing to further environmental degradation.
