[VIDEO]President Obama Rejects Keystone XL Pipeline Project

The president said the pipeline would not make a meaningful, long-term contribution to the economy, and that Congress could create more jobs by passing a comprehensive infrastructure plan. He said the U.S. is transitioning to a clean-energy economy faster than many expected even as the country's economy continues to grow, and that approving the Keystone XL pipeline would undercut the country's new global leadership in fighting climate change.