Cancelling Keystone XL Cost Thousands of Jobs and Billions in GDP: U.S. Government Report

There is no doubt that Keystone XL’s cancellation was a massive gut punch to Canada and its oil and gas industry. Now the analysis is out showing the impact it had on the United States. Just a sliver over two years ago the U.S. government nixed the pipeline project which would have added an additional 830,000 barrels of oil per day into the U.S.

The pipeline, which was expected to be complete in 2023, would have provided thousands of jobs and billions in economic activity. In December, the U.S. Department of Energy released its congressionally mandated report on the matter,

Cancelling Keystone XL Cost Thousands of Jobs and Billions in GDP: U.S. Government Report