WOAH! Did Biden’s Administration Just Admit Canceling The Keystone XL Was BAD???
On January 20, 2021, President Joe Biden signed an executive order revoking the permits needed to complete the Keystone XL Pipeline, a project that would have carried crude oil from Canada to the Gulf Coast. The President cited that the pipeline “would not serve the U.S. national interest” as the reasoning behind the revocation.
But now, his own administration is forced to disagree with him.
A recent report from the Department of Energy found that the pipeline would have had a significant positive impact on the economy, particularly in the construction and manufacturing sectors. The project would have created as many as 42,100 direct jobs and 17,000 indirect jobs, which would have provided a significant boost to the economy. Additionally, the report found that the pipeline would have had an economic impact of up to $9.6 billion, which would have been a significant contribution to the economy.
So it WOULD serve the national interest! Is this the closest thing we will get to an admission that they made a HUGE mistake?
It was clear from day 1 that the decision to revoke the permits was a political move rather than one based on sound economic reasoning. Biden was more concerned about appeasing the progressive wing of the Democratic party than he was about the facts, the potential benefits that the pipeline would have had on the economy, and the impact his decision would have on American workers.
As Senator Josh Hawley of Missouri said, “Canceling Keystone cost almost 60,000 working class jobs in this country. Not to mention our energy independence. All for the fanatical climate religion of the left.”