Senator Bill Cassidy (R-LA) introduced the “Keystone XL Pipeline Construction and Jobs Preservation Act” last week in hopes of authorizing the continued construction of the Keystone XL Pipeline, reports the Bossier Press.
The move follows President Biden’s decision to revoke the cross-border operation permit. Cassidy introduced the legislation with 13 other senators. “Eliminating 11,000 jobs and destroying development in oil and gas is going to create a recession, and it won’t be because of COVID,” Cassidy says. “Sending energy jobs overseas where there are worse environmental standards will only increase global emissions. Cancelling the Keystone XL Pipeline is a terrible decision.”
This project is expected to provide approximately 11,000 direct jobs and up to 60,000 indirect and direct jobs, according to Cassidy, as well as generate tax revenue, increase renewable-energy demand, reduce emissions and strengthen North American energy independence. See the full story.