Posted by Curt on 6 November, 2015 at 4:09 pm. 9 comments already!

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Sean Hackbarth:

President Obama tossed economics and science out the window and onto the White House lawn when he rejected the Keystone XL pipeline.

After leaving it in bureaucratic limbo for seven years, the president claimed the project–which would safely transport Canadian and American crude oil to Gulf Coast refineries–would have little economic effect and would hurt U.S. leadership in reducing carbon emissions.

Both claims are bunk, as the State Department’s analysis shows.

Let’s first take up President Obama’s economic argument.

“The pipeline would not make a meaningful long-term contribution to our economy,” President Obama said at a White House event.

The State Department’s analysis disagrees:

  • 42,000 jobs would be created.
  • $3.4 billion would be added to the U.S. economy.
  • $405 million would be earned by workers building the pipeline in Montana, South Dakota, and Nebraska.
  • $55 million in property tax revenue would go to local communities.

Not only did President Obama tossed aside the Keystone XL pipeline’s economic benefits, he also ignored the science showing that the project’s environmental effects will be minimal.

“America is now a global leader when it comes to taking serious action to fight climate change,” President Obama said. “And frankly, approving this project would have undercut that global leadership.”

The only thing the Keystone XL pipeline would undercut it America’s reliance on oil from unfriendly countries. It certainly wouldn’t undercut efforts to reduce carbon emissions.

In fact, the State Department found that not building the pipeline would result in higher greenhouse gas emissions, increases ranging anywhere from 28%-42%.


 
But as Phil Kerpen tweeted, the administration is more concerned about perception than real science.

The truth is, our president–a “science geek” according to his top science advisor–rejected science and instead chose to side with anti-energy opponents of the pipeline.

The reaction to President Obama’s decision was strong and swift.

“In rejecting the Keystone XL pipeline, President Obama has put politics before the best interests of the country,” said U.S. Chamber President and CEO Tom Donohue. “Rejecting Keystone breaks two promises the president made—to put jobs and growth first and to seek bipartisan solutions.”

President and CEO of the American Petroleum Institute Jack Gerard said: “This decision will cost thousands of jobs and is an assault to American workers. It’s politics at its worst.”

Labor union leaders were beyond disappointed.

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