President Joe Biden’s Energy Department quietly published a congressionally mandated report in December showing the president revoking the Keystone XL Pipeline federal permits cost thousands of jobs and billions of dollars.
The report — Keystone XL Extension Permit Revocation: Energy Costs and Job Impacts — brought attention to the positive economic benefits the Keystone XL Pipeline could have had if Biden did not revoke the federal permits for it hours after being sworn into office.
Energy’s report indicated the Keystone XL project would have created between 16,149 and 59,468 jobs annually for a two-year period, which is up from a 2014 report sponsored by the department that showed it would have only created 3,900 direct jobs and 21,050 total jobs over a two-year construction.
The Keystone XL would have delivered roughly 830,000 barrels of crude oil from Canada to the U.S. through the pipeline. Additionally, a labor agreement signed by four unions with TC Energy in August 2020 promised the project would have created 42,000 American jobs and 2 billion in total wages.
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