Posted on Jan 27, 2021
3 Harmful Consequences of Biden Killing the Keystone XL Pipeline
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https://fee.org/articles/3-harmful-consequences-of-biden-killing-the-keystone-xl-pipeline/
Hard to find an upside to this move by Biden
1. Blocking the Keystone XL Pipeline May Actually Increase CO2 Emissions
Even those who share Biden’s goal of reducing CO2 emissions shouldn’t support his move to block the pipeline. Blocking its construction will, most likely, lead to higher emissions, not a reduction.
Why?
Well, Keystone had already promised to use green technology and eliminate all CO2 emissions from its operations by 2030. And it’s not as if blocking this pipeline will actually mean the oil doesn’t get transported. It will just have to be transported by more costly, less efficient measures like rail shipping.
2. Thousands of Jobs Will Be Lost
Any time the government steps in and squashes economic investment, job losses are sure to follow. Biden’s blocking of the Keystone XL pipeline is no exception.
If allowed to go through, the pipeline project would have created 11,000 jobs and $1.6 billion in wages, according to Fox Business. These gains will all now be lost. Biden regularly says he wants his environmental policies to create good-paying, union jobs— but what the president just did will accomplish the opposite. This is why even left-wing elected officials like Canadian Prime Minister Justin Trudeau oppose Biden’s decision.
3. Regulatory Uncertainty Will Discourage Future Business Investment
If there’s one thing that’s bad for investment, it’s uncertainty. And that’s exactly what Keystone has faced thanks to the federal government’s knee-jerk reversals and regulatory whiplash.
Yes, you can build it. Wait, no you can’t. Yes, actually you can. Wait, never mind, now it’s blocked again.
“It is impossible for American businesses to make big, long-term investments in a political environment in which every project is up for renegotiation — or summary economic execution — every time the White House changes hands,” the National Review editorial board wisely warns. “Surely, in a continental nation as vast as ours, with an economy as complex as ours, it shouldn’t be possible for one man serving a short term in a temporary elected office to undo years of work and billions of dollars in investment. This is pure foolishness, and it will cost us.”
Hard to find an upside to this move by Biden
1. Blocking the Keystone XL Pipeline May Actually Increase CO2 Emissions
Even those who share Biden’s goal of reducing CO2 emissions shouldn’t support his move to block the pipeline. Blocking its construction will, most likely, lead to higher emissions, not a reduction.
Why?
Well, Keystone had already promised to use green technology and eliminate all CO2 emissions from its operations by 2030. And it’s not as if blocking this pipeline will actually mean the oil doesn’t get transported. It will just have to be transported by more costly, less efficient measures like rail shipping.
2. Thousands of Jobs Will Be Lost
Any time the government steps in and squashes economic investment, job losses are sure to follow. Biden’s blocking of the Keystone XL pipeline is no exception.
If allowed to go through, the pipeline project would have created 11,000 jobs and $1.6 billion in wages, according to Fox Business. These gains will all now be lost. Biden regularly says he wants his environmental policies to create good-paying, union jobs— but what the president just did will accomplish the opposite. This is why even left-wing elected officials like Canadian Prime Minister Justin Trudeau oppose Biden’s decision.
3. Regulatory Uncertainty Will Discourage Future Business Investment
If there’s one thing that’s bad for investment, it’s uncertainty. And that’s exactly what Keystone has faced thanks to the federal government’s knee-jerk reversals and regulatory whiplash.
Yes, you can build it. Wait, no you can’t. Yes, actually you can. Wait, never mind, now it’s blocked again.
“It is impossible for American businesses to make big, long-term investments in a political environment in which every project is up for renegotiation — or summary economic execution — every time the White House changes hands,” the National Review editorial board wisely warns. “Surely, in a continental nation as vast as ours, with an economy as complex as ours, it shouldn’t be possible for one man serving a short term in a temporary elected office to undo years of work and billions of dollars in investment. This is pure foolishness, and it will cost us.”
Edited >1 y ago
Posted >1 y ago
Responses: 11
Edited >1 y ago
Posted >1 y ago
Keystone XL cancellation an early blow to improved Canada-U.S. relations
Many officials are hoping for improved relations between Canada and the United States under President Joe Biden, but his executive order cancelling the Keyst...
Thank you my friend Lt Col Charlie Brown for posting an assessment of three of the myriad of bad consequences of Joe Biden killing the Keystone Pipeline
Top issues;
1. Problems between USA and Canada on this action - even though Biden said he would communicate with Canada before making the decision.
2. Issues for states bordering Canada
3. I chuckle when reading that tree-huggers are concerned about CO2 emissions. Fauna, including humans emit CO2 and flora take in CO2 and generate O2 through photosynthesis [land and water/including saltwater
Keystone XL cancellation an early blow to improved Canada-U.S. relations
https://www.youtube.com/watch?v=IC5R52_tNv8
FYI MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. LTC (Join to see) COL Mikel J. Burroughs SMSgt Lawrence McCarter SMSgt David A Asbury SSG Franklin BriantSPC Michael Duricko, Ph.D Sgt (Join to see)SPC Woody Bullard TSgt David L. SFC William Farrell SFC Chuck Martinez LTC (Join to see) SGT James Murphy SGT Michael Hearn SPC Michael Terrell 1SG Steven Imerman CSM Bob Stanek
Top issues;
1. Problems between USA and Canada on this action - even though Biden said he would communicate with Canada before making the decision.
2. Issues for states bordering Canada
3. I chuckle when reading that tree-huggers are concerned about CO2 emissions. Fauna, including humans emit CO2 and flora take in CO2 and generate O2 through photosynthesis [land and water/including saltwater
Keystone XL cancellation an early blow to improved Canada-U.S. relations
https://www.youtube.com/watch?v=IC5R52_tNv8
FYI MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. LTC (Join to see) COL Mikel J. Burroughs SMSgt Lawrence McCarter SMSgt David A Asbury SSG Franklin BriantSPC Michael Duricko, Ph.D Sgt (Join to see)SPC Woody Bullard TSgt David L. SFC William Farrell SFC Chuck Martinez LTC (Join to see) SGT James Murphy SGT Michael Hearn SPC Michael Terrell 1SG Steven Imerman CSM Bob Stanek
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LTC Stephen F.
>1 y
Kenney blasts Biden for scrapping Keystone XL pipeline, calls for Trudeau to hit back with...
Alberta Premier Jason Kenney lashed out at Joe Biden after the new U.S. president revoked a permit for the Keystone XL pipeline.#cdnpoliSubscribe to CTV News...
Kenney blasts Biden for scrapping Keystone XL pipeline, calls for Trudeau to hit back with sanctions
https://www.youtube.com/watch?v=JJJ0aX15BkY
FYI SSG Robert Webster SSG Samuel Kermon SP5 Geoffrey Vannerson PO3 Phyllis Maynard PO1 H Gene Lawrence CPL Dave Hoover SSG Michael Noll SSG William Jones SPC Nancy Greene LTC John Shaw 1SG Steven ImermanSGM Bill FrazerSGT Denny EspinosaSFC (Join to see) SGT Randell RoseCPT (Join to see) SGT Michael HearnSP5 Dennis Loberger CPT Jack Durish SPC Douglas Bolton
https://www.youtube.com/watch?v=JJJ0aX15BkY
FYI SSG Robert Webster SSG Samuel Kermon SP5 Geoffrey Vannerson PO3 Phyllis Maynard PO1 H Gene Lawrence CPL Dave Hoover SSG Michael Noll SSG William Jones SPC Nancy Greene LTC John Shaw 1SG Steven ImermanSGM Bill FrazerSGT Denny EspinosaSFC (Join to see) SGT Randell RoseCPT (Join to see) SGT Michael HearnSP5 Dennis Loberger CPT Jack Durish SPC Douglas Bolton
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Posted >1 y ago
He is already proving a liability for this nation. His handlers aren't much better.
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SMSgt Lawrence McCarter
>1 y
PO3 Bob McCord - Yes and He will be pushed out of the way and the first taken out in the primary, Harris will be President and push Her Socialism even more. Let Biden do all the stupid things they want then discard Him and move on with their Communist agenda.
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SPC Michael Duricko, Ph.D
3 y
SMSgt Lawrence McCarter
So true and the Dems don't even trust him to have sole power over our nuclear weapons. How much faith does that demonstrate that his own Party has in his competency?
So true and the Dems don't even trust him to have sole power over our nuclear weapons. How much faith does that demonstrate that his own Party has in his competency?
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