Ken Griffin, founder and CEO of $17 billion investment firm Citadel, believes President Barack Obama's continued delay of approving the construction of the Keystone XL oil pipeline is "tragic."
"North America has the opportunity to enjoy energy independence from the rest of the world yet again. And we look at the just tragic decision, for example, around the Keystone pipeline, where we've deferred making a decision yet again,"Griffin said Monday night at the Milken Institute's Global Conference in Los Angeles.
Griffin said the pipeline would allow greater energy independence, more "thoughtful" military presence globally, and the return of domestic manufacturing jobs.
Obama has resisted backing the pipeline over concerns that the current route passes over an important water supply. Senate Republicans have sought a legislative path around the president.