WASHINGTON, DC – U.S. Senator Bob Menendez (D-NJ) today applauded President Barack Obama’s announcement that he will reject the Keystone XL pipeline:

“Today’s announcement by the President is a win for all Americans, and reaffirms the United States’ commitment to building a clean energy economy.

“I cast my vote against the pipeline in the Senate because I recognize that the rewards of moving forward with KXL simply do not outweigh the risks. The devastating consequences of climate change are already being felt here and across the globe, and building this pipeline would only further tie us to the dirty fossil fuels of the past. This pipeline would not enhance our energy security or drive meaningful job creation, but rather would be another empty handout to Big Oil at the expense of the American people.

“For too long, these giveaways to Big Oil have been the norm in Washington. With Keystone behind us, it is time to end costly subsidies for Big Oil, ban new drilling in our oceans, and harness the extraordinary power of renewable energies. Let’s prioritize investments that go toward repairing America's aging infrastructure and incentivize clean energy sources that will create millions of good jobs for decades to come.”