Warren Buffett expresses support for Keystone XL Pipeline

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Story Created: May 8, 2012 at 11:51 AM CDT

Story Updated: May 8, 2012 at 12:23 PM CDT

Warren Buffett says he supports building the Keystone XL pipeline. Monday, Buffett was asked about the project that would cross Nebraska on Fox Business Network.

The Berkshire Hathaway CEO says he is not an expert on the project,
but he thinks it generally makes sense to build the pipeline.

Last week, TransCanada reapplied for a permit to build the pipeline after changing the route through Nebraska to avoid the environmentally sensitive Sandhills region.

State Department approval is needed because the $7 billion pipeline would cross a U.S. border.

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