TC Energy which owns the Keystone Pipe Line Project contacted the Biden Administration and offered the following to keep the project alive.
10,000 American union construction jobs
All steel pipe to be made in the USA
A $10 million Green Job Training Fund
$500 million for indigenous suppliers and jobs
The pipeline would operate totally on renewable power.
Apparently Joe did think that was enough. At a time when our economy is struggling and jobs are at a premium this sounds like a pretty good offer. Day one boom.
Since 2000 the US has lead the world in energy related emissions reductions. Both Russia and China have no commitment to reduce energy emissions for years to come, according to their Paris Climate Accord agreements, they are free to continue to use coal and oil in there economy. Russia has started a massive oil exploration project in the arctic. Russia plans to use oil resources to enrich their economy for decades.
Killing the pipeline will not keep fossil fuels in the ground. It will tie up billions of dollars of Canadian investment and kill 11 thousand high paying American jobs. It will do this while it slaps Canada in the face and enriches Russia.
For the first time in decades we are energy independent. We are not dependent on the middle east for energy, hence we have not need to protect any country in that space. Joe is going to reverse this and if he keeps going we will be back where we were, have to defend our source of energy. It is going to take time to develop and make renewable energy affordable. Until then we need oil and natural gas to fuel our economy.
In the October debates when Biden was asked “Would you close down the oil industry?” He replied “Yes. I would transition, “Because the oil industry pollutes, significantly, because it has to be replaced by renewable energy. Further he said the transition would occur “over time, over time. And I would stop giving to the oil industry, I’d stop giving the federal subsidies”. As he was leaving the airport Biden said “we’re not going to get rid of fossil fuels, we’re going to get rid of subsidies for fossil fules.” Like all things Biden FLIP FLOP.
“The United States saw the largest decline in energy-related CO2 emissions in 2019 on a country basis – a fall of 140 Mt, or 2.9%, to 4.8 Gt. US emissions are now down almost 1 Gt from their peak in the year 2000, the largest absolute decline by any country over that period. A 15% reduction in the use of coal for power generation underpinned the decline in overall US emissions in 2019. Coal-fired power plants faced even stronger competition from natural gas-fired generation, with benchmark gas prices an average of 45% lower than 2018 levels. As a result, gas increased its share in electricity generation to a record high of 37%. Overall electricity demand declined because demand for air-conditioning and heating was lower as a result of milder summer and winter weather.” https://www.iea.org/articles/global-co2-emissions-in-2019 Article February, 2019