Biden Admin. Report Admits Canceling Keystone Pipeline Cost U.S. Up to 59,468 Jobs, $9.61 Billion in GDP

cnsnews ^ | 1/5/2023 | craig bannister

[bitt]

“The Biden administration finally owned up to what we have known all along,” Sen. Steve Daines (R-Mont.) said Thursday, commenting on a new Energy Department report quantifying how President Joe Biden’s cancelation of the Keystone XL pipeline has hurt Americans and the U.S. economy.

Titled “Keystone XL Extension Permit Revocation: Energy Costs and Job Impacts,” the report fulfills a requirement successfully included in the Infrastructure Investment and Jobs Act by Sen. Daines and Sen. Jim Risch (R-Idaho).

“This report responds to section 40434(b) of the Infrastructure Investment and Jobs Act (Pub. L. No. 117-58), that requires the Secretary of Energy to estimate the job losses and consumer impacts associated with the revocation of the permit for the Keystone XL pipeline,” the report notes.

Studies cited by the Energy Department report reveal that Pres. Biden’s cancelation of the construction of the Keystone pipeline had the following negative impact:

Up to 59,468 jobs lost per year, Up to $9.6 billion of lost GDP (2011 dollars), Up to $20.93 billion of lost business sales (2011 dollars), Up to $6.5 billion of lost personal income (current dollars), and Up to 54,651 personal income lost annually per job

[bray]

Have to keep the white housewives happy they are saving the eart.

[yldstrk]

My disdain for the biden administration grows exponentially every day.

[ro_dreaming]

Hopefully the next President (a republiCAN, not a repliCANT) will withdraw the cancellation and it can spin back up.

[libertylover]

At first, I thought this was from cbsnews. No way!!! See Tagline.

[pepsi_junkie]

Biden declaring his own administration as Russian disinformation in 3...2...1...

[maddog55]

Basically a we F’d up report with an “oh well” moving on...much like Afghanistan.

[Vaduz]

Biden administration = Crew Of Stooges