Obama said he was still not sure whether he would approve Keystone, the $8-billion TransCanada Corp. project that would send oil from Alberta and the Northern U.S. to refineries in Texas. But he was more critical than ever, telling a South Carolina audience that the pipeline would create few jobs, pose a risk to Nebraska farmland, and “benefit, largely, a foreign company.”
“The reason that a lot of environmentalists are concerned about it is the way that you get the oil out in Canada is an extraordinarily dirty way of extracting oil,” he said during a question-and-answer session.
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