The tax bill signed into law by President Barack Obama last Friday sets a 60-day deadline for him to finalize the review of the Keystone XL pipeline project. Construction of the 1,700-mile crude oil pipeline is opposed by environmentalists. Obama could sidestep the deadline by making a decision in favor of the project, but delaying implementation until a State Department review of alternative routes is completed, according to Reuters.

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Platts, Reuters

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