The Department of Energy quietly delivered a report to leadership of the House of Representatives and Senate on the impact of President Biden’s decision to kill the Keystone XL Pipeline. The report cites studies that estimate the construction period of the project would have supported up to 60,000 jobs annually for the two-year phase and that the project would have contributed as much as $9.61 billion to the U.S. GDP. The report was required by the bipartisan Infrastructure Investment and Jobs Act.
The KXL extension would have moved 830,000 barrels of crude oil daily from western Canada to Nebraska, connecting to additional pipelines that feed refineries along the Gulf Coast.
Please find below a statement from me, Craig Stevens, spokesman for the GAIN Coalition and former senior advisor to U.S. Energy Secretary Sam Bodman:
“The Biden administration has finally admitted what we all knew to be true: canceling the Keystone XL pipeline permit hurt American jobs and economic development.
In a year characterized by volatile energy prices instigated by petro-authoritarians like Russian President Vladimir Putin, the Keystone XL pipeline would have supported global energy security. Hopefully, this is a lesson learned and we can move forward with North American energy development in the future.”