President Barack Obama's rejection of TransCanada's Keystone XL pipeline demonstrates a "clear lack of leadership" and that politics played a role in the ruling, said Jack Gerard, president and CEO of the American Petroleum Institute. Gerard said that API would pursue all legal and legislative options to get the pipeline constructed. "These are serious national decisions that shouldn't be made on political whims. The president has fallen victim to a small group that is anti-oil and gas," he added.

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