Remember when Joe Biden nixed the Keystone Pipeline on his first day as President?
Republicans and sane Americans warned Killing Keystone will not keep fossil fuels in the ground. It will merely strand billions of dollars in Canadian investment and kill thousands of U.S. jobs while enriching adversaries and alienating an ally among more basic criticism that Biden is just stupid.
Well.
The Biden Energy Department just quietly published a congressionally mandated report showing the president revoking the Keystone XL Pipeline federal permits cost thousands of jobs and billions of dollars.
The report Keystone XL Extension cord Permit Revocation: Energy Costs and Job Impacts brought to the positive economic benefits the Keystone XL Pipeline could have had if it were not for the stupidity of Biden.
The Energy Department reported 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. Additionally,citing multiple studies, it also showed that there would have been a positive economic impact of between $3.4-9.6 billion over the lifetime of the project.
Ironically the report was required by law after Biden signed the Infrastructure Investment and Jobs Act in November 2021 due to Sen. Steve Daines (R-MT) and Sen. Jim Risch (R-ID) successfully adding an amendment to the legislation that mandated such a report. The report was required to be published within 90 days but was ultimately not released for more than a year.
How convenient for democrats in the mid terms.
BIDEN SHOULD BE ASHAMED.
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