Key Points
- President Joe Biden’s decision to kill the Keystone Pipeline on his first day in office cost the U.S. economy 59,000 jobs and $9.6 billion in economic growth, according to a study released last month by his own Energy Department.
- The proposed 875-mile pipeline would have safely transported up to 830,000 barrels of oil per day from the Canadian border to Steel City, Nebraska, where it would have linked up existing pipelines to American refineries.
- “The Department of Energy finally admitted to the worst kept secret about the Keystone Pipeline: President Biden’s decision to cancel the Keystone XL Pipeline sacrificed thousands of American jobs,” Sen. Jim Risch said.
- “To make matters worse, his decision moved the U.S. further away from energy independence and lower gas prices at a time when inflation and gas prices are drastically impacting Americans’ pocketbooks.”
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