The Obama administration rejected a presidential permit for the Keystone XL pipeline. The Wall Street Journal reports:
The Obama administration rejected the Keystone XL pipeline Friday, capping a politically charged review of the oil project that lasted more than seven years and escalated into a broader debate on energy, climate change and the economy.
“The State Department has decided that the Keystone XL Pipeline would not serve the national interest of the U.S.,” President Barack Obama said in brief remarks from the White House. “I agree with that decision.”
Mr. Obama cited the urgency of climate change, and the need for American leadership on that problem, as key reasons for his decision.
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