The Biden administration published a congressionally mandated report in late December without a public announcement showing the likely economic benefits of the Keystone XL Pipeline had President Biden not revoked its federal permits.
The Energy Department report states the crude oil pipeline would have created 16,149 to 59,000 jobs and had a positive economic impact of $3.4-9.6 billion, citing various studies.
A federal report in 2014 found 3,900 direct jobs and 21,050 total jobs would be created during construction, which was expected to take two years.
President Biden upon taking office in 2021 immediately canceled the pipeline’s permits, amid pressure from green energy activists, effectively shutting down the project.
