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Jan 13, 2023 · This includes allowing for quicker deployment of renewable energy, incentivizing faster improvements in energy efficiency, scaling up supply, and speeding up electrifying heat. In 2021, President Biden canceled the completion of the Keystone XL Pipeline, which was expected to carry 830,000 barrels of oil per day from Canada to the U.S.
Jun 9, 2021 · A storage yard in Montana contains pipe that was to be used in the construction of the Keystone XL oil pipeline. The developer has now canceled the controversial project. Al Nash/Bureau of Land ...
- Building the Keystone pipeline and opening up the Tar Sands will negatively impact national and local economies: Burning the recoverable tar sands oil will increase the earth’s temperature by a minimum of 2 degree Celsius, which NYU Law School’s Environmental Law Center estimates could permanently cut the US GDP by 2.5%.
- The same fossil fuel interests pushing the Keystone pipeline have been cutting, not creating, jobs: Despite generating $546 billion in profits between 2005 and 2010, ExxonMobil, Chevron, Shell, and BP reduced their U.S. workforce by 11,200 employees over that period.
- Unemployment will rise: According to Mark Zandi, the Chief Economist of Moody’s Analytics: “Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls.”
- Poor and working people will be disproportionately affected: KXL and projects like it result in disproportionately negative impact on already struggling working families.
Mar 18, 2021 · When the idea for Keystone XL was conceived back in the 2000s, the project made a lot of sense — the US economy depended on oil, and supporters of the pipeline claimed it was in both countries ...
Aug 23, 2021 · A U.S. government watchdog found multiple problems with the construction, manufacture and design of the Keystone pipeline, validating President Joe Biden's decision to revoke the permit for a ...
Jun 10, 2021 · The developer of the Keystone XL oil pipeline has abandoned the project after President Biden revoked a permit. It was a major flashpoint in the debate over fossil fuels' role in climate change.
Mar 15, 2022 · The Keystone XL pipeline extension, proposed by TC Energy (then TransCanada) in 2008, was initially designed to transport the planet’s dirtiest fossil fuel, tar sands oil, to market—and fast ...
