On Wednesday, the Canadian pipeline company that was building the Keystone XL pipeline canceled the project. This isn’t surprising: President Joe Biden spared no time to revoke the pipeline’s permit through an executive order.
TC Energy released a statement detailing its decision and highlighting a fact that has been ignored by most media coverage of the cancellation story: “We developed … a first-of-its-kind, industry leading plan to operate the pipeline with net-zero emissions throughout its life-cycle.”
Consider that thought. Described as so villainous by the Biden administration and climate activists, the pipeline not only would have provided thousands of good-paying jobs and helped to increase our energy security, but it would also have produced net-zero emissions.
In other words, canceling the Keystone XL pipeline isn’t just an economic disaster for America—it’s an environmental disaster. Absent this pipeline, people will have to depend on different and less clean sources of energy for years to come.
This is yet another outcome of the disastrous energy policy set out by the Biden administration. Gas prices across the country continue to rise, and oil workers are out of jobs. At the same time, the Biden administration continues its broken-record talking points of creating “good-paying union jobs” in the energy sector.
Then there’s the approach that the Biden administration takes abroad. It has given a green light to the Nord Stream 2 pipeline connecting Russia and Germany, a boon for Russian energy dominance in Europe and a geopolitical win for Russian President Vladimir Putin.
Back home, Biden continues his “temporary” ban on new oil and gas leases on federal lands. He has issued yet another moratorium, this time on all oil and gas leases in the Arctic National Wildlife Refuge in Alaska.
It’s hard to conceive what goal the Biden administration is pursuing through this energy policy, other than destroying America’s strong position in the energy industry—both economically and politically.
It’s a huge mistake.
Natural gas and fracking have already helped the United States reduce emissions while also providing important security. In 2019, the U.S. became a net energy exporter for the first time since 1952. But Biden’s crippling energy policies will take us in the wrong direction as we will once again become energy reliant on other countries—and on countries that care a lot less about the environment than we do.
Others have trod the path now followed by the Biden administration. Germany has skyrocketing energy costs thanks to its exclusive focus on renewable energy. German Chancellor Angela Merkel also struggles with providing reliable power amid its removal of both coal and nuclear power from its grid. California has followed a similar path to Germany with its laser focus on renewable energy. A new report warns of insufficient energy during periods of normal peak summer demand—even after facing blackouts last summer.
Top line: There are better, more effective ways for the U.S. to reduce emissions. Encouraging innovation and taking a more stepwise approach to reducing emissions will both allow us to develop better renewable energy technology and will take advantage of the clean energy technology we have already developed, particularly around nuclear power. The Biden administration needs to stop harming those it has sworn to serve.