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Bill > SR57
NJ SR57
NJ SR57Opposes President Biden's revocation of Presidential Permit for Keystone XL pipeline.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This resolution expresses the Assembly's opposition to the revocation of the Presidential Permit granted to TC Energy for construction of the Keystone XL pipeline. The Keystone XL Pipeline is a proposed project that would have added up to 830,000 barrels of oil per day to the United States oil supply. The resolution asks President Biden to reconsider his decision and to reverse course in the best interest of American energy security, economic interests, and environmental impacts. If President Biden fails to reinstate the Presidential Permit, this resolution then calls on the United States Congress to overturn President Biden's decision to revoke the permit. Based on analyses performed by the U.S. Department of Transportation and the Fraser Institute, a nonpartisan think tank, the Keystone XL pipeline would likely reduce the transportation costs, incidence of oil spills, and frequency of safety incidents that are involved with the transportation of oil from the remote Western Canadian Sedimentary Basin. Canada currently holds the third largest proven oil reserves worldwide. Promoting a mutually beneficial trade relationship between the U.S. and Canada by constructing the Keystone XL Pipeline is in America's best interest with respect to energy security and economic, safety, and environmental concerns.
AI Summary
This resolution opposes President Biden's revocation of the Presidential Permit for the Keystone XL pipeline, a proposed project by Canadian company TC Energy that would transport up to 830,000 barrels of oil per day from Alberta's Western Canadian Sedimentary Basin to the United States. The resolution argues that the pipeline would provide significant benefits, including enhanced energy security, economic opportunities, and safer oil transportation compared to alternative methods like rail or truck. It highlights that Canada holds the third-largest proven oil reserves worldwide and that pipeline transport is considered the second safest method of oil transportation according to the U.S. Department of Transportation. The resolution requests that President Biden reconsider his decision, citing potential job losses (up to 11,000 high-paying jobs), the pipeline's commitment to becoming carbon neutral, and the importance of maintaining a strong trade relationship with Canada. If President Biden does not reinstate the permit, the resolution calls on the U.S. Congress to overturn the decision through legislation, asserting that completing the Keystone XL pipeline is in the best interest of the United States and, by extension, the State of New Jersey.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/09/2024)
Official Document
bill text
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/SR57 |
BillText | https://pub.njleg.gov/Bills/2024/SR/57_I1.HTM |
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