⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

Keystone bill unlikely to rescue Landrieu in Senate runoff

Published 11/13/2014, 10:53 PM
Keystone bill unlikely to rescue Landrieu in Senate runoff
TRP
-

By Jonathan Kaminsky

NEW ORLEANS (Reuters) - A push by U.S. Senator Mary Landrieu to pass a bill authorizing the contentious Keystone XL pipeline is unlikely to give the Louisiana Democrat a significant boost against her Republican challenger in a December runoff, political analysts said on Thursday.

Landrieu, who faces an uphill battle to win a fourth term against Republican congressman Bill Cassidy, is renewing efforts to pass the measure unpopular with many Democrats as she fights to retain her seat in a state increasingly inhospitable to her party.

"It's really too little, too late," said G. Pearson Cross, a University of Louisiana at Lafayette political scientist. "Doing this only when her job is in peril will be seen as not significant - or desperate."

Landrieu finished one point ahead of Cassidy in the Nov. 4 open primary, with Tea Party-backed Republican Rob Maness, who won 14 percent, having since backed Cassidy for the Dec. 6 runoff.

With Republicans set to take control of the Senate in January after gains in the midterm elections, Landrieu will relinquish her post as chairwoman of the Senate Energy and Natural Resources Committee regardless of her re-election.

But having made her clout and support for the oil and gas industry key to her campaign, Landrieu is banking on showcasing her ability to secure a vote on the bill approving the TransCanada Corp (TO:TRP) project delivering Canadian oil sands crude to the U.S. Gulf Coast.

"She's been beating this drum, but she couldn't get leadership to allow a vote," said Dane Strother, a Democratic media consultant. "Now there's an opening and now she'll get it done."

Her late push on the pipeline, however, risks backfiring, said John Couvillon, a Louisiana pollster working mostly for Republicans.

"She is implicitly admitting that she had no clout because she couldn't get this passed earlier," he said.

The impact of Landrieu's Keystone push on the runoff is also blunted by Cassidy having responded to her announcement by immediately introducing a nearly identical bill in the Republican-controlled House, analysts said.

"Cassidy is going to be able to easily neutralize this by saying it took her six years to do this," said Joshua Stockley, a political scientist at the University of Louisiana at Monroe. "And he is going to get the same vote in the House."

© Reuters. Senator Mary Landrieu (D-LA) arrives for a closed conference meeting to conduct leadership elections for the next Congress on Capitol Hill in Washington

Representatives for Landrieu and Cassidy did not immediately respond to messages seeking comment.

(Reporting by Jonathan Kaminsky; Editing by Eric Beech)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.