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No Keystone XL, Obama says

As President Obama heads toward his last year in office, he has been stepping up his actions on climate change. Today he he announced he has said no to the Keystone XL pipeline. Earlier this week, the State Department had turned down Canadian company TransCanada's request to delay government review of the pipeline, fueling speculations the Obama administration would reject it. 

According to TransCanada's Keystone website, the massive 1,179 mile oil pipline would not just transport oil from the Canadia tar sands, but "also support the significant growth of crude oil production in the United States from producers in the Bakken region of Montana and North Dakota."

The website says, "The pipeline will have capacity to transport up to 830,000 barrels of oil per day to Gulf Coast and Midwest refineries."

Obama said the pipeline would have "undercut" the U.S.'s global leadership on climate change.