Biden’s Pledge to Kill Keystone Pipeline Will Cost Thousands of Jobs

Marc Nozell via Flickr (CC BY 2.0)

Joe Biden has released a pledge that experts say will cost thousands of jobs if he gets his way.

According to The Washington Free Beacon:

Joe Biden will kill the Keystone XL pipeline project if elected, his campaign said Monday, a move that would likely cost thousands of jobs and millions in local tax revenue.

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That termination would cost tens of thousands of jobs, which would result in billions of dollars in lost wages, according to estimates published last year by the State Department. Those reductions would in turn cost state and local governments millions in tax revenue, up to 10 percent of annual property tax revenues in 17 counties across three states.

Biden’s announcement is just his latest move to shore up credibility among the Democratic party’s environmentalist base, which has vocally opposed the pipeline since the project was first started in 2010. Doing so, however, will likely further alienate the top Democrat from voters in oil-rich swing states like Pennsylvania—while, one expert told the Washington Free Beacon, likely having little actual impact on fossil fuel consumption.

“Biden promising to revoke Keystone’s approval is a pander,” Josiah Neeley, a senior fellow in energy policy at the R Street Institute, told the Washington Free Beacon, “but unless oil prices recover it’s a meaningless pander, as the tar sands won’t be profitable anyway.”

The State Department has estimated that the pipeline will generate 42,100 jobs.

Image Credit: Marc Nozell via Flickr (CC BY 2.0)

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Helga
1 year ago

What else can he think of?? Everything he comes up with is more detrimental to this Country And we fear for our future!!

Eyeball
Eyeball
1 year ago

His synapses don’t communicate. It’s the same ol’ government control program his handlers are trying to get US to buy. I don’t know ’bout anyone else, but I LIKE working! Work is dignity AND independence. God Bless America! God Bless President Trump! M.A.g.A!

Raffa
Raffa
1 year ago

Biden is not for real, nothing he says equals job for the workers.Only the avenue of welfare and food stamps.

WILLIAM FLYNN
1 year ago

Look……………Plain and simple…………JOE BIDEN IS A MORON !

Gearjam1933
Gearjam1933
1 year ago

Mark Cuban said the other, he will be voting for Biden over Trump. The great business man is all for a candidate whose policies will raise taxes, kill jobs and stiffel businesses. yet he is all for the Democrat. Wonder why? Killing the pipe line is just one of many things Biden will do that will hurt America yet there are so many that hate Trump so much that they would rather put this baffling fool in charge then Trump who has shown himself a champion for businesses & the worker. Wonder Why? If you figure it out let me know for all I can think of is fools of a feather flock together.

George
George
1 year ago

Mark Cuban lusts to be president. Only the Democrats would have him so to keep hope alive he must puppet the appetizers the Dems are ravenous for, anything anti Trump. Cuban is a deeply flawed man, his brain energy dedicated to scheming and other such Gypsy endeavors. His boys haircut belies his sneaky and narcissistic countenance.

Tom Edwards
Tom Edwards
1 year ago

Socialism!

HanosunnesWoom Root
HanosunnesWoom Root
1 year ago

#Freeze-the-Economy-for-us-Joe
#Make-America-Third-World-Country-Joe
#You-Aint-Black-if-You-Dont-Vote-For-Joe
how many more can YOU think of?

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