PAC to Run Anti-Keystone Pipeline Ad During SOTU Coverage

Billionaire green investor Tom Steyer and his NextGen Climate Action PAC will run an ad before and after President Obama's State of the Union address Tuesday night calling for the rejection of the proposed Keystone XL pipeline, the Huffington Post reported.

"It's a sucker punch to America's heartland," says the narrator of the ad, which will air twice on MSNBC, once before and once after the president's speech.

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Steyer, a former hedge fund manager and a big donor to Obama's campaign, says Chinese companies who have invested in the proposed pipeline will reap the most benefits after the oil is refined. The Keystone XL would run from Canada to Texas.

“They’re counting on the U.S. to approve TransCanada’s pipeline to ship oil through America’s heartland and out to foreign countries like theirs. The oil lobbyists and politicians, they take Americans for suckers."

In a statement to Politico, TransCanada denied the ad's claims, insisting it is doing business for shipping oil through the pipeline only with U.S. companies.

Some Democrats in Congress have also pushed for legislation that would require oil shipped through the pipeline to remain in the United States.

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