Energy Department Quietly Admits Mistake in Canceling Keystone Pipeline

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    The Energy Department quietly published a Congress-mandated report in December that showed the president's decision to cancel the Keystone XL Pipeline federal cost thousands of jobs, along with billions of dollars.

    The report -” Keystone XL Extension Permit Revocation Jobs and Energy Costs It brought attention to positive economic advantages that the Keystone XL Pipeline could have been able to reap should Biden not cancel the federal permits that it required just hours after he was officially sworn in.

    The cancellation was widely criticized at the time.

    The report by the Energy Department showed in its report that the Keystone XL project could have created between 16,149 to 59,000 jobs over the duration of two years. This is up from a report commissioned by the department which revealed it would have created only 3900 jobs directly and 21050 total in a two-year period of construction.

    In addition, the report with reference to multiple studies, revealed that there could be an economic gain that ranged from $3.4-9.6 billion during the life of the undertaking.

    The Energy Department was required by law following Biden's approval of the Infrastructure Investment and Jobs Act in November 2021 due to Sen. Steve Daines (R-MT) and Sen. Jim Risch (R-ID) succeeded in amending the law which required a report. Fox News noted the report was to be released within 90 days, but it was eventually not published for more than a year.

    In a statement issued by the Energy Department to Fox News Digital, the spokesperson stated that the pipeline project would have resulted in a minor impact on permanent employment; however, they did not say anything about the hundreds of new temporary jobs which could be created through the construction of the pipeline.

    “The U.S. Department of Energy released a report evaluating existing analysis on economic and job effects of the XL portion of Keystone pipeline,” the agency announced. “It concluded there were limited job impacts, with approximately 50 permanent jobs estimated to have been created were the pipeline operational.”

    When Biden pulled the permit, the project was reported to be more than halfway completed and would be completed by 2022 and was expected to be operational by the middle of the calendar year (2023).

    Keystone XL would have delivered around 830,000 barrels worth of crude oil from Canada to the U.S. through the pipeline. A labor agreement that was signed by four unions and TC Energy in August 2020 said the pipeline would have resulted in 42,000 American jobs, and 2 billion dollars in wages total.

    In the wake of Biden revoking permissions, Keystone XL was no longer viable and the company that built it, TC Energy, moved away from the project, and confirmed its demise at the end of June in 2021. Federal judges dismissed a challenge from more than a dozen states asking the court to renew the pipeline's permit.

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