Obama: Keystone XL Could Contribute to ‘Disastrous’ Climate Change

President Obama spoke in dismissive terms of the Keystone XL pipeline Monday during an interview on The Colbert Report, saying its modest benefits need to be weighed against its contribution to climate change, "which could be disastrous."

During an interview taped at George Washington University, the president did not explicitly say whether he would grant or deny a permit to the controversial project that would transport heavy crude from Hardisty, Alberta to the U.S. Gulf Coast.  But he highlighted many of the pipeline's disadvantages, and downplayed its benefits.

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