Bloomberg – President Barack Obama faces growing pressure from Democratic donors to reject the Keystone XL pipeline amid signs that the project is headed for approval.
Donors and party activists are seeking to influence Obama through personal pleas and by pumping money into elections. Their goal: to demonstrate that turning down TransCanada Corp. (TRP)’s petition to build the $5.3 billion pipeline to carry tar-sands oil from Canada to U.S. refineries can be a political winner.
