Biden’s Department of Energy recently released a report which showed the consequences of his decision to cancel the Keystone XL Pipeline during his first week in office.
In a surprise to no one, the report concluded that this decision killed thousands of jobs and potentially billions of dollars.
FOX News reports:
Biden admin quietly admits canceling Keystone XL Pipeline cost thousands of jobs, billions of dollarsThe 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.”
In one of his very first acts as president, Joe Biden destroyed the jobs of thousands of Americans in order to please the climate change obsessed left.
From The Hill:
On his first day in office, President Biden canceled a permit that was needed for the pipeline’s construction — leading to the project’s ultimate demise. The move sparked praise from environmental organizations but condemnation from Republicans and the energy industry.The new report found that the pipeline was expected to create about 50 permanent jobs once it was operational.It also said that studies estimated the construction period would support between 16,149 and 59,468 jobs, though it said that the high-end estimate “overstates” jobs because it included jobs outside the United States.
This just confirms what so many people already knew.
This isn’t just about jobs. Energy policy impacts everything else. Does anyone doubt that our inflation problem would be greatly lessened if Biden’s energy policies were different?
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