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XL Pipeline Update

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By AP

Washington, D.C. – Oil industry chief warns Obama on Canada pipeline

WASHINGTON (AP) The oil industry's top lobbyist is warning the Obama administration to approve the Keystone XL oil pipeline or face "huge political consequences" in an election year.

Jack Gerard, president of the American Petroleum Institute, said it would be a "huge mistake" for President Barack Obama to reject the 1,700-mile, Canada-to-Texas pipeline. Obama faces a February 21st deadline to decide whether the $7 billion pipeline is in the national interest.

Gerard made the remarks at the trade association's annual "State of American Energy" event Wednesday.

Many unions support the pipeline, which would create thousands of jobs. Environmentalists fear it could lead to an oil spill disaster.

The pipeline's proposed route includes Oklahoma's Cushing hub.