Obama rejects Keystone XL pipeline in win for greens

Obama speaks about the Keystone pipeline in WashingtonU.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years. “The pipeline would not make a meaningful long-term contribution to our economy,” Obama told a press conference. The denial of TransCanada Corp’s more than 800,000 barrels per day project will make it more difficult for producers to develop the province of Alberta’s oil sands.

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