Name: Biden ending Keystone pipeline would kill thousands of American jobs
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Biden ending Keystone pipeline would kill thousands of American jobs

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The&nbsp; administration shutting down&nbsp;construction of the pipeline, which&nbsp;some scientists argue contributes to ,&nbsp;could end thousands of American construction . on President-elect Joe Biden's first day in office, after the Trump administration spent four years trying to further&nbsp; of the , 1,200-mile pipeline that would transport up&nbsp;to&nbsp;830,000 barrels of crude oil daily from&nbsp;Alberta, Canada, to Nebraska.An Keystone pipeline currently transports oil from Alberta to Illinois and Texas. According to the Keystone XL ,&nbsp;the project, initially proposed more than a decade ago, would sustain about&nbsp;11,000 U.S. jobs in 2021 –&nbsp;including 8,000 union jobs&nbsp;–&nbsp;and generate $1.6 billion in gross wages. Ticker Security Last Change Change % TC ENERGY CORP. 48.05 -1.24 -2.52% It is unclear how the Biden administration plans to address the&nbsp;job losses, but his $2 trillion , with its goal of&nbsp;reaching net-zero emissions by 2050 at the latest, aims to&nbsp;"create millions of good-paying jobs that provide workers with the choice to join a union and bargain collectively with their employers," according to his website.The plan&nbsp;targets the&nbsp;creation of&nbsp;1 million jobs within the auto industry; "millions" of jobs within the power sector; 1 million jobs in building construction; 250,000 jobs "plugging abandoned oil and natural gas wells" and more.President&nbsp;Trump overturned President Barack Obama's decision to block&nbsp;construction&nbsp;of the Keystone XL pipeline, which for years has come under scrutiny from environmentalists and Democratic politicians."Building new infrastructure like the Keystone XL pipeline, which would result in millions of tons of new carbon emissions, just adds fuel to a fire that's already burning down our house,"&nbsp;U.S. PIRG Environment Campaigns Director Matt Casale said in a Monday .Casale added that if Biden cancels the Keystone XL permit to keep "fuel in the ground," the president-elect&nbsp;will show us just how serious he was when he promised to take bold climate action."One along the existing Keystone pipeline discovered in North Dakota in October 2019 leaked an estimated 383,000 gallons of oil and&nbsp;affected about 209,100 square feet of land, or 4.8 acres.In April, a U.S. judge&nbsp;said the U.S. Army Corps of Engineers failed to adequately consider effects on&nbsp;&nbsp;–&nbsp;such as pallid sturgeon, a massive, dinosaur-like fish that lives in rivers –&nbsp;the XL&nbsp;&nbsp;would cross, but did not shut down work that already had begun along the U.S.-Canada border at the time.Alberta&nbsp;Premier&nbsp;Jason Kenney said in a Sunday that he is "deeply concerned by reports that the incoming administration" will cancel permits for the project's construction in the U.S."Doing so would kill jobs on both sides of the border, weaken the critically important Canada-U.S. relationship, and undermine U.S. national security by making the United States more dependent on OPEC oil imports in the future," Kenney said.He added that the U.S. imported 9.14 million barrels of petroleum per day in 2019, 3.7 million of which came from Canada, and the rest of which came from "countries like Venezuela and Saudi Arabia.""The Keystone XL pipeline also represents tens of thousands of good-paying jobs that the American economy needs right now," Kenney said. "That is why major American labour unions who supported President-elect Biden’s campaign strongly back the project, as do First Nations who have signed partnership agreements, and all state governments along the pipeline route."TC Energy Corporation, the pipeline company behind Keystone XL, said in a Sunday statement that it plans to reach "net zero emissions across the project operations" in 2023 and "be fully powered by renewable energy sources" by 2030.The company said it expects to be one of the top 10 corporate renewable sponsors in North America once the initiative is implemented.The Associated Press contributed to this report.

The&nbsp; administration shutting down&nbsp;construction of the pipeline, which&nbsp;some scientists argue contributes to ,&nbsp;could end thousands of American construction . on President-elect Joe Biden's first day in office, after the Trump administration spent four years trying to further&nbsp; of the , 1,200-mile pipeline that would transport up&nbsp;to&nbsp;830,000 barrels of crude oil daily from&nbsp;Alberta, Canada, to Nebraska.An Keystone pipeline currently transports oil from Alberta to Illinois and Texas. According to the Keystone XL ,&nbsp;the project, initially proposed more...

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Audrey Conklin

Fox Business (officially known as Fox Business Network) is an American pay television business news channel that is owned by the Fox News Media division of Fox Corporation. The network discusses business and financial news.

Biden ending Keystone pipeline would kill thousands of American jobs

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