Due to the lock down of the COVID pandemic, millions of Americans are out of work. Joe Biden just made things worse.
By cutting the Keystone XL Pipeline, people in connected industries are already losing work.
Joe Biden cares more about his allegiance to the far left’s obsession with climate change than he does about American workers.
TC Energy cuts jobs as Keystone pipeline nixed, but markets start to move on
TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees.
Biden’s decision to cancel the permit is seen as the project’s death knell, after more than a decade of legal battles and shifting fortunes based on who held office in the White House. Opponents of the line fought its construction for years, saying it was unnecessary and would hamper the U.S. transition to cleaner fuels.
“I believe this will send a concerning signal to infrastructure developers that resonates far beyond our project and will stifle innovation for a practical transition towards sustainable energy,” said KXL President Richard Prior in the email, sent on Wednesday and seen by Reuters.
With KXL now off the table, analysts said, TC Energy will need to find new ways to increase its earnings over the next five years but may also benefit from no longer being in the crosshairs of environmental campaigners opposed to Canadian oil sands development.
And remember when Biden said he wouldn’t ban fracking? That’s next.
Biden Administration: Yes, We Are Following Through With a Fracking Ban
Speaking at the White House Tuesday night, Press Secretary Jen Psaki confirmed President Biden will follow through with campaign promises to ban new fracking on federal land.
“President Biden promised to end all new oil and gas leasing on federal lands when was a candidate,” a reporter asked. “Does the administration still have that commitment today? To end that lease?”
“We do and the leases will be reviewed by our team we just have only been in office for less than a day now,” Psaki said.
Trump warned people this would happen.
He was right.