Several news outlets are reporting that the Obama administration will reject TransCanada's proposal to run an oil pipeline across the U.S.-Canada border.
The Washington Post reports the administration will make it official later today and will allow TransCanada to reapply once it has a proposal to reroute the pipeline to avoid the environmentally sensitive Sand Hills of Nebraska.
As we've reported, the Keystone XL pipeline has become a rallying point for environmentalists. The president first sought to put off a decision on the pipeline until after the 2012 elections, but he agreed to make a decision by Feb. 21 as part of the payroll tax cut negotiations.
Full post here.