Obama Rejects Keystone XL Pipeline

By Keith Goldberg (November 6, 2015, 12:18 PM EST) -- President Barack Obama on Friday rejected TransCanada Corp.'s application for a cross-border permit for its Keystone XL pipeline, potentially the final twist in the yearslong saga over the controversial project that became a lightning rod in the political battle over U.S. energy and climate policy.

President Barack Obama said Friday that the U.S. has led the way in taking major steps to combat global climate change, and approving the Keystone XL pipeline project would be a step back. (Credit: AP) Obama said at a news conference that the U.S. Department of State had concluded that the Keystone project wasn't in the...

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