Biden Administration Finally Admits How Disastrous Cancelling Keystone XL Was
By Bonchie | 9:30 AM on January 06, 2023
Just how bad was Joe Biden’s decision upon taking office to cancel the Keystone XL pipeline? We now have an admission directly from Biden’s own administration.
According to the Department of Energy’s report, which cited a variety of studies on the economic impact of the pipeline’s construction, the cancellation of the northern leg of the pipeline cost somewhere between 16,149 and 59,000 jobs. Lost GDP from the project is also estimated to be between $3.4 billion and $9.6 billion.
Even when you only consider the SEIS, which is the government’s environmental impact study, the numbers of jobs and money involved aren’t small potatoes.
The 2014 Final SEIS estimated that about 42,100 total jobs, or 21,050 jobs annually, would be created if construction were to take two years (direct, indirect, and induced), as well as $2.05 billion in earnings in the United States. About 3,900 of these jobs would be direct construction jobs in Montana, South Dakota, Nebraska, and Kansas. The project was expected to support 50 jobs during the operation. The SEIS estimated that the construction of the KXL pipeline would contribute $3.4 Billion (or 0.02 percent) to the United States Gross Domestic Product.
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https://redstate.com/bonchie/2023/01/06/biden-administration-finally-admits-how-disastrous-cancelling-keystone-xl-was-n684341
