Forbes: America is now a global leader when it comes to taking serious action to fight climate change, President Obama said from the White House after vetoing the Keystone XL Pipeline bill which would have allowed a Canadian company to build a 1,179-mile pipeline to transport 800,000 barrels a day of carbon-heavy petroleum from the Canadian oil sands to the Gulf Coast. Frankly, continued the President, approving this project would have undercut that global leadership.
The Keystone rejection is an...