Biden Administration Admits Keystone Cancellation Cost Tens This is Thousands This is Jobs
The Biden administration has released a congressionally required report on the jobs impact of the president’s decision to cancel the Keystone XL PipelineThis reveals a missed opportunity to create tens or thousands of jobs.
The Report (pdf) was published without fanfare in late December By the Department This is Energy (DOE) upon being mandated to do so by provisions In the Infrastructure Investment and Jobs ActThis required the agency evaluate how many jobs could have been created if there had not been. Biden’s decision to axe the pipeline.
Biden Signed executive order on his first day in office That halted the Keystone XL project, stating the pipeline “disserves the U.S. national interest” as its construction and operation would be inconsistent with his administration’s larger agenda to tackle a “climate crisis.”
The Report concludes that Biden Not cancelled Keystone XL estimates that the project would have created between 50 and 59,469 permanent jobs once the pipeline was operational. The temporary jobs could be between 16,149 to 59,469 each year for a period of two years.
The DOE stated that the upper limit of 59,469 is too high and underestimates the potential job creation of the project. This number also includes jobs in Canada The sections and parts of the Keystone Pipelines that were not in the XL segment.
The The final version of the report is cited in the report Supplemental Environmental Impact Statement from 2014 that estimated the Keystone The XL pipeline project would support a total 42,100 direct and indirect jobs and create approximately 3,900 direct construction jobs. Montana, South Dakota, Nebraska, Kansas Construction was expected to take two years.
Estimates The economic benefits of this project in terms gross domestic product (GDP), ranged from $9.61 billion up to $3.12 billion.
Business Sales estimates ranged between $20.93 billion and $6.01 billion.
The DOE reported in the report that there were many economic impacts “significantly among the studies and are not directly comparable due to large differences in modeling assumptions.”
The Consumer prices have an impact Biden’s decision to revoke the permit was “inconclusive” Due to fluctuations in crude oil prices, since the project was first proposed.
Sen. Steve Daines (R-Mont.The state of (which would have been a major beneficiary) issued a statement in reaction to the publication of the report.
“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,” Daines said.
“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 added.
Biden’s decision to revoke the Keystone His supporters and many environmentalists hailed the XL permit.
Many Republicans Criticised industry groups and individuals Biden’s move, with some saying it would lead to job losses.
Days after Biden moved to revoke the permit, the GOP’s official Twitter account It was estimated that 11,000 jobs would be lost as a result of the cancellation. United States “at a time when millions of Americans need work.”
The premier of Alberta, Canada’s biggest oil producing province, said that Biden’s decision to cancel the pipeline would kill thousands of union labor jobs in both Canada The United States, while making America more dependent on foreign “dictatorships” Its energy requirements.
CanadaTC is a TC-based company that produces energy EnergyThe project owner is. said that Biden’s move “would directly lead to the layoff of thousands of union workers and negatively impact ground-breaking industry commitments to use new renewable energy as well as historic equity partnerships with Indigenous communities.”
TC Energy It has publicly stated that it does not intend to revive the Keystone Project XL.
Tom Ozimek Senior reporter The Epoch Times. He Has a wide background in journalism, marketing, communications, and adult education.
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