FACT SHEET: How The Biden Administration’s Cancellation of the Keystone XL Pipeline Affects American Prosperity

FACT SHEET: How The Biden Administration’s Cancellation of the Keystone XL Pipeline Affects American Prosperity

On his first day in office, President Biden canceled permitting for the Keystone XL pipeline extension, which was projected to carry 830,000 barrels of oil per day. This extension would have increased the total amount imported from America’s most reliable energy trading partner, Canada, to 1.38 million barrels per day, leading to lower energy prices and thousands of high-paying jobs. The Biden Administration stated that “the United States must prioritize the development of a clean energy economy” and that the Keystone XL did not serve the U.S. natural interests of this agenda. Because of the Biden Administration’s misguided climate agenda, the American people are not reaping the economic benefits the Keystone XL pipeline would have provided.

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