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US Energy Department report highlights huge cost of ending Keystone pipeline

One of the first things that President Joe Biden did when he took office in 2021 was to cancel the Keystone XL pipeline. According to a report by the US government’s Energy Department, that decision came at a great economic cost, Breitbart reports.

The report entitled, Keystone XL Extension Permit Revocation: Energy Costs and Job Impacts, was released in December 2021. It stated that the decision cost between 16,149 to 59,468 jobs in the short term.

The Keystone pipeline was expected to ship 830,000 barrels of Canadian crude oil to the US, and create 42,000 long-term jobs amounting to $2 billion in total wages.

This was all squashed when President Biden recklessly revoked the permits of the project that was already halfway done, resulting in the stakeholders terminating the project.

READ: Quietly Released Energy Dept. Report Admits Mistake in Canceling Keystone XL Pipeline, Shows Economic Benefits

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