The 1,700-mile Keystone pipeline, which starts in Canada and would end on the Texas coast, has been under review by the Obama administration’s State Department for several years. While a green light from the State Department for the project was expected last fall, the department, under pressure from environmentalists, decided in November to delay its decision until 2013.

On Thursday, at a press conference following the annual State of American Business 2012, Bruce Josten, vice president of government affairs with the U.S. Chamber of Commerce, cited Obama’s announcement on Wednesday that he would “reward” businesses that bring jobs to the United States through tax credits. Josten, however, added, “The president missed the biggest in-sourcing opportunity yesterday and it’s called the Keystone Pipeline.”

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