If he approves it, there will be “huge political consequences” as well:
A top oil industry official delivered a clear warning to President Obama Wednesday: approve the Keystone XL pipeline or face “huge political consequences.”
American Petroleum Institute President Jack Gerard urged Obama to quickly approve the pipeline, which would carry oil sands crude from Alberta, Canada, to refineries along the Gulf Coast.
[...] “I think it would be a huge mistake on the part of the president of the United States to deny the construction of the Keystone XL pipeline,” Gerard said during the powerful oil industry trade association’s annual “State of American Energy” event Wednesday.
“Clearly, the Keystone XL pipeline is in the national interest. A determination to decide anything less than that I believe will have huge political consequences.”
Let’s see. It creates a relative handful of jobs, and most of the oil will be shipped to other countries. This is in our interest… why?