Billionaire investor Warren Buffet said yesterday that he would approve the Keystone XL pipeline if the decision was up to him. Speaking with CNBC, Buffett said he thinks the failure to permit and build the pipeline is doing damage to our relationship with Canada, the nation’s largest trading partner.
“That is a valuable resource of North America and Canada’s been a terrific partner over the decades,” he said.”And for us to kind of thumb our nose at them, you know, not what I would do.”
“I think that we have an enormous interest in working with Canada.”
Buffett supports the pipeline despite his financial interest in BNSF Railways, a company benefitting from the transportation of North Dakota crude oil in the absence of additional pipeline infrastructure.