Yes, if business supports something it's automatically bad. That's totally mature and sensible.
As opposed to if business supports something it's automatically good? I suspect one thing this bill will do is preempt any relevant State legislation. Since the pipes in the pipelines themselves aren't going to cross interstate borders once they've been installed, I fail to see where pipeline safety needs to be a federal issue in the first place.
A general problem is that at a state level some industries have an even greater, disproportionate influence than on the federal level. West Virginia and their tragic history with the coal industry being an example.
And California and Hollywood?