$1.6 billion dollars, over twelve years on the project, and Biden shut it down.
Keep in mind every 'environmental' organization, coalition and shirttail astroturf group did its best to sue and delay the project, too.
I'm not so sure the Pipeline can be revived.
What do-nothing government pukes don't get is that in the real world, sooner or later, investors are going to want to see some sign that there is going to be a return on their investment.
With the current political climate, guarantees aren't worth the electrons they inconvenience being stored digitally, especially coming from the likes of Biden and those he has surrounded himself with.
Even worse, though, are the attacks on the domestic industry at the wellhead, or where it might be if leases were being offered as required by law. This not only cheats the US Treasury (read:taxpayers) of the now 20% royalty on produced oil and gas, but means that as current wells deplete and production declines, there will be less new production to replace that decline. In the long run, the damage is done, and higher prices are here to stay, adversely affecting every economic sector. This is especially felt in the western states where federal land ownership runs as high as 95%(NV) and averages 50%, and offshore, where the Federal Government controls it all.
