The resolution expresses the New Jersey General Assembly's opposition to President Biden's decision to revoke the Presidential Permit for the Keystone XL pipeline, which was initially granted by President Trump in March 2019. The pipeline, proposed by TC Energy, aims to transport up to 830,000 barrels of oil per day from Canada to the United States, thereby enhancing energy security and fostering a beneficial trade relationship with Canada, which holds significant oil reserves. The Assembly argues that the pipeline would provide a safe, economical, and environmentally sound method of transporting oil, especially as demand is expected to rise post-COVID-19.
Furthermore, the resolution calls on President Biden to reconsider his decision, emphasizing the potential job creation associated with the pipeline's construction and operation, which could generate up to 11,000 high-paying jobs. If the President does not reinstate the permit, the Assembly urges Congress to take legislative action to overturn the decision. The resolution highlights the importance of the Keystone XL pipeline for U.S. energy independence, economic interests, and environmental safety, citing studies that suggest pipeline transport is safer and more cost-effective than alternative methods like rail.