Thanks to the efforts of two Republican Senators, late last month the Energy Department issued a report about the economic impact of the cancellation of the Keystone XL pipeline. Not surprisingly, the U.S. Energy Department’s report disclosed the massive loss of jobs and revenue because of Biden’s nixing the project.
The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if President Biden didn’t revoke its federal permits.
The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.
But immediately after taking office in January 2021, Biden canceled the pipeline’s permits, effectively shutting the project down.
“The Biden administration finally owned up to what we have known all along — killing the Keystone XL Pipeline cost good-paying jobs, hurt Montana’s economy and was the first step in the Biden administration’s war on oil and gas production in the United States,” Sen. Steve Daines. R-Mont., said Thursday in a statement. “Unfortunately, the administration continues to pursue energy production anywhere but the United States.”
“These policies may appeal to the woke left but hurt Montana’s working families,” he continued. “I’ll keep fighting back against Biden’s anti-energy agenda and supporting Montana energy projects and jobs.”
Instead of U.S. energy companies benefiting from domestic production of energy or even manufacturing, the White House deeds it over to countries like China, Saudi Arabia or Venezuela and Americans get hoodwinked.
Pipelines are the safest means to transport fossil fuels. Cancel them and then fossil fuel companies have to resort to trains, trucks, or even ships to ship their products which, in turn, contributes even more carbon emissions and increases the likelihood of accidents including acts of eco-terrorism. Consequently, the EPA or state regulators then start clamping down on ship, train, or truck transportation of fossil fuels and when regulations make shipments by those means too cost prohibitive, fossil fuel production shuts down. But, then again that is the point.