However, the Canadian government has put the brakes on the two pipeline proposals to export tar sands through its provinces due to the need to take more time to listen to its own public's concerns about water and safety. "By revoking the Keystone pipeline permit, Biden is destroying 11,000 jobs and roughly $2 billion in wages," the post says. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma. The State Department estimated full-time permanent jobs to be closer to 50, Big Oil (Probably) Isn't Going Away Anytime Soon. In other words, 14% of the investment was made in 2020, with the remaining 86% secured and expected to be paid in 2021 and 2022. The Keystone Pipeline is a series of metal pipes that run from Alberta Canada to Patoka, Illinois and Port Arthur, Texas. In the United States, the existing Keystone Pipeline System runs from the North Dakota border south through South Dakota to Steele City, Nebraska, where it splits one arm running east through Missouri for deliveries into Wood River and Patoka, Ill., with the other running south through Oklahoma to Cushing and onward to Port Arthur and Houston, Texas.. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The idea that Keystone XL will improve U.S. oil supply is a documented scam being played on the American people by Big Oil and its friends in Washington DC. But this post could leave the wrong impression without full context. This project would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. Those contractors were "responsible for hiring 7,000 union workers. The Keystone XL pipeline would have been able to carry up to 830,000 barrels of oil every day, the figure used in LaTurners ad. The State Department forecasted that no more than 50 jobs, some of which could be located in Canada, would be required to maintain the pipeline. Canada is our largest trading partner and is important to U.S. job creation. It was denied. We need your help. "The Keystone was not an oilfield it's a pipeline," she responded. Oil Change International investigated this issue in a report that found the Keystone XL pipeline was part of a larger strategy to sell increasing volumes of Canadian crude on the international diesel market. Gas prices hit record highs as more Americans return to the office, MoneyWatch: Soaring gas prices putting strain on American households, U.S. concerns about TikTok are "absolutely valid," expert says, Belarus dictator to visit China as key Putin allies bolster ties, Hague "people's court" wants Putin held accountable for crimes against Ukraine, Diplomats in London show support for Ukraine by swimming in Hyde Park lake, U.S. must "sustain" its involvement in Ukraine war, secretary of state says, American Fuel and Petrochemical Manufacturers. Some also carry diluted bitumen, the heavy crude from the tar sands that has a much higher. St. Petersburg, FL The first is the Gulf Coast Project. Gasoline is actually one of the nation's largest exports, going mostly to Latin America. The Department of State, in consideration of the permit, must examine the potential impact of the pipeline on the environment, the economy, U.S. energy security, and foreign policy plus a few additional items. ", Psaki added the Department of Energy predicts that in 2023 the U.S. will "produce more oil than ever before.". Canadians, including Indigenous peoples, have benefited economically from the oil sands mining. its plants and animals, and the natural systems on which all life depends. These posts are referring to the Keystone XL Pipeline, a project cancelled by Biden on his first day in office on Jan. 21, 2021, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil-sands crude from Alberta to Nebraska (here). South Dakota Gov. By 2012 that number had fallen to 8.5 million barrels a day. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. update email soon. Ramped up domestic oil production and new supply routes have lessened the U.S.'s need for the hundreds of thousands of barrels . Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, pointed out that the cost of oil has steadily increased since last fall, when it was around $70 a barrel, to more than $130 last week before settling back at around $100 a barrel on Tuesday. That means the nation's refineries are producing more gasoline, diesel fuel and other oil products than the country needs, and exporting the rest. The current Keystone Pipeline transports approximately 700,000 barrels of oil a day from Canada to Texas. Even in the future, there would be no certainty that the pipeline could produce a net increase of 800,000 barrels a day, rather than just transporting oil from Canada that is currently being transported some other way. Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. The 1,700-mile (2,735-kilometer) pipeline was planned to carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas . The 875-mile pipeline would carry a heavy crude oil mixture from Western Canada to Steele City, Neb., where it would connect with another leg stretching to Gulf Coast refineries. The operator, Canada-based TC Energy, said the pipeline that runs from Canada to Oklahoma lost about . Biden had committed to canceling the project during his campaign and revoked the permit soon after taking office. When you sign up you'll become a member of NRDC's Activist Network. TC Energy already had suspended construction in January when President Biden revoked a key cross-border presidential permit. People may receive compensation for some links to products and services on this website. , according to the U.S. Energy Information Administration. No, that's not true. For information about our privacy practices, please visit our website. LaTurner said in an ad: The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia. As a result of those environmentally-friendly construction priorities, Keystone XL was said by some to be a "model for green pipelining," the Journal reports. Legal Statement. "And yet, we still have $100 per barrel oil.". It opened: Seeking comment on whether additional funds had been invested between Jan. 1, 2021 and Jan. 20, 2021 Reuters reached out to TC Energy but did not receive a response in time for this articles publication. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Russia is the world's second-largest exporter of crude oil, according to the U.S. Energy Information Administration. Keystone XL would have passed through Nebraska, and for years, a coalition of Indigenous tribes, ranchers and local environmentalists demonstrated, lobbied and sued to halt the pipeline's construction. The company behind the controversial Keystone XL oil pipeline said Wednesday it's officially terminating the project. Pipe intended for use in. (AP) The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8. Those in favor of the pipeline have several diverse points which bolster their opinion. See who is sharing it (it might even be your friends) and leave the link in the comments. Stevenson confirmed that as of late 2020, about 152 kilometers, or 93 miles, of pipeline had been laid near the U.S.-Canada border. The Keystone XL may never move any oil, but its impact will still linger in the form of the pipes, worker camps, and other assets stranded along its 1,200-mile path. How? This portion has been flowing since February 2011. The Keystone XL pipeline would then connect to existing pipelines and transport oil to refineries along the Gulf Coast. (n.d.) The Keystone XL Pipeline is a proposed 1,700 mile expansion to the current pipeline, which would branch west, impacting an additional state, Montana, and end in Cushing Oklahoma. And that is exactly what Valero, one of the largest potential buyers of Keystone XL's oil, has told its investors it will do. On his first day as the 46th President of the United States, Joe Biden signed an executive order revoking permission for the construction of the Keystone XL oil pipeline, an $8 billion, a 1,200-mile-long project that was supposed to carry up to 830,000 barrels of oil per day. Oil sands crude emits about 17% more greenhouse gases than traditional oil, according to the U.S. State Department, largely due to the heat it takes to separate the oil from the sand. I will give you the facts and you can decide. Although I do have an opinion on the matter, which I will share later, facts are facts which cannot be changed. ", Earthquake in Turkey and Syria is "a systemic attack against Kurdish people.". First, the arguments against the project. We reached out to the user who published the post for their evidence, but we didnt hear back. In 2008, TC Energy, then known as TransCanada, announced plans to build a pipeline that would carry 830,000 barrels of crude oil daily from Hardisty, Alberta, through the Great Plains to refineries on the Texas Gulf Coast. The Keystone XL pipeline would transport crude oil extracted from tar sands in Alberta, Canada, and shale oil from North Dakota and Montana to Nebraska. "We remain disappointed and frustrated with the circumstances surrounding the Keystone XL project, including the cancellation of the presidential permit for the pipeline's border crossing," Alberta Premier Jason Kenney said in a statement. / CBS News. "It wouldn't be online and wouldn't be pumping oil until the year 2023. The press release also stated that the remaining $6.9 billion needed for construction was expected to be largely made in 2021 and 2022 and funded through the combination of a US$4.2 billion project level credit facility to be fully guaranteed by the Government of Alberta and a US$2.7 billion investment by TC Energy.. Since it first went into operation in 2010, TC Energy's original Keystone Pipeline System has leaked more than a dozen times; one incident in North Dakota sent a 60-foot, 21,000-gallon geyser. "It's that as we produce more and more of these clean energy technologiesthey get more affordable for everyone. A 2014 report found that the company would need only 50 employees to maintain the Keystone XL pipeline once its finished, 35 of them permanent. It carries crude oil to refineries and terminals. Lead Stories is a U.S. based fact checking website that is always looking for the latest false, misleading, deceptive or These groups argue that the lifecycle greenhouse gas emissions associated with the development of Canadian oil sands is harmful to the environment compared to conventional oil or renewable fuels. The pipeline, which had severe environmental and human rights implications, has been on a long road towards failure. This segment has been in service since June 2010. The pipeline's opponents in Nebraska feared that any leak from Keystone XL would damage the critical aquifer, and they welcomed the end of the project. Without support from the U.S. government, its effectively halted. Our network of natural gas pipelines supplies more than 25 per cent of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. This amount makes up 3% of U.S. crude oil imports and about 1% of the crude oil processed in U.S. refineries. inaccurate stories, videos or images going viral on the internet. The Keystone XL pipeline, which is owned by TC Energy Corp (NYSE: TRP), was reportedly less than 10 percent built when Biden pulled the plug on the project. Could the Keystone XL pipeline help lower U.S. gas prices? As Canada's Natural Resources Minister Joe Oliver recently said, "we export 97 percent of our energy to the U.S. and we would like to diversify that." To access the bitumen, Alberta's boreal forests are cut away in enormous strip mines. "Stop importing from Russia, start producing more," he tweeted in early March. (RELATED: Macron Trolls Trump, Says Biden Can Help 'Make Our Planet Great Again') If the oil ends up getting moved anyways, just via a different method, it could actually be worse . This caused the fuel shortages on the East Coast of the United States. Is this good for America? Its symbolic of whether or not were willing to embrace the natural resources that we have in our country. Producers would not have been obligated to sell that entire amount to the U.S. As Russia pressed its invasion of Ukraine, President Joe Biden faced accusations at home that he had made the United States more dependent on Russian oil. Keystone XL, a US$8-billion oil pipeline that was set to flow from Alberta to Nebraska, is officially scrapped, the project's owner, TC Energy, confirmed on Wednesday. "And supply doesn't always quickly respond to that kind of shock in demand.". Presidential permits require environmental assessments and other federal reviews, but they were generally granted without controversy over the years to Canadian pipelines. Spotted something? Legal challenges continued against it, further stalling the project. Jason Kenney, premier of the Canadian province of Alberta, is now pushing for the Biden administration to revive the Keystone XL pipeline . The policies have helped restrict U.S. oil production, and the fallout from the Keystone Pipeline remains lost on the administration. The Keystone XL pipeline is a 1,200 mile pipeline that will safely deliver crude oil from Canada and North Dakota to the United States. In the ad, which began running on Facebook and Instagram on Feb. 25, the day after the invasion, LaTurner stated: "President Biden canceled the Keystone XL Pipeline on his first day in office. A leak in the pipeline is a primary concern along with the ability to respond quickly to a disaster of this nature. Li Cohen is a social media producer and trending content writer for CBS News. TC Energy owns the existing Keystone oil pipeline, which runs from Alberta to the U.S. oil storage hub in Cushing, Oklahoma, and to the U.S. Gulf, along with a power and storage business. The Keystone XL pipeline was designed to carry tar sands oil from Alberta, Canada, to Nebraska, where it would have connected to the Keystone Pipeline System. The pipeline would also accept U.S. crude from the Bakken oil fields in Montana and North Dakota. Thanks for signing up. The Keystone XL pipeline was expected to carry 830,000 barrels per day of Alberta oil sands crude to Nebraska, but the project was delayed for the past 12 years due to opposition from U.S. landowners, Native American tribes and environmentalists. There have been calls to revive the Keystone XL pipeline. Keystone XL will provide the U.S. with direct pipeline access to the secure and growing Canadian crude output and decrease our dependence on foreign oil from Mexico and Venezuela (the two largest oil exporters into the Gulf Coast). 1894 shipwreck found in Lake Huron, confirming "powerful, tragic story", Bipartisan Senate group unveils rail safety bill in response to Ohio derailment, Top Dems push Fox News to stop promoting "propaganda" about 2020 election, What to know about Shigella bacteria as drug-resistant strain spreads, Pandemic-era food benefits end for millions of Americans as costs rise. 801 3rd St. S State Disclosures, Director, Canada Project, International Program. But the latest figures show a general trend downward and that by October 2021, the figure was 595,000. "We're hopeful that the Biden administration will continue to shift this country in the right direction by opposing fossil fuel projects.". Factset: FactSet Research Systems Inc.2019. In the long run, the best way to protect Americans from spiking oil prices is to accelerate the shift from fossil fuels to renewable energy, Nemet and Kieve said. When Canadian regulators at the National Energy Board (NEB) considered the Keystone XL proposal in 2008, they asked TransCanada to justify another pipeline when there was already so much spare capacity. Keystone XL supporters, including most of the oil industry, said the pipeline construction would have created much-needed construction jobs. Its demise comes as other North American oil pipelines, including Dakota Access and Enbridge Line 3, face continued opposition from environmental groups. However, existing Canadian oil pipelines all go to the Midwest, where the only buyer for their crude is the United States. At the time Mr. Biden halted its construction, the $8 billion expansion was only about8% complete, according to Reuters. Reuters spoke via email with James Stevenson, a spokesperson for the Canada Energy Regulator, which oversees the Canadian portion of the Keystone XL Pipeline (here). Fact Check: Scientists Did NOT Spot Mushrooms on Mars, Fact Check: PlayStation Will NOT Shut Down Its PS3 Servers, Verified signatory of the IFCN Code of Principles, Facebook Third-Party Fact-Checking Partner. "The oil is continuing to flow in, just through other means. BNSF remains a money machine at . President Joe Biden signed an executive order on January 20, 2021, revoking the permit for the Keystone XL, which stands for Keystone "export limited," segment of the Keystone system, which is the fourth phase of the system. "For 13 years, an international movement of frontline communities in the U.S. and Canada, Indigenous leaders, and environmentalists fought back against this terrible proposed project at every turn," Sierra Club Executive Director Michael Brune said in a statement. The energy boom in both the United States and Canada is already reducing imports. The Keystone Pipeline moves crude oil from tar sands refineries in Canada and the Midwest to refineries in Texas. It would have carried oil from landlocked Alberta to the U.S. Gulf Coast. All Rights Reserved. Yet many experts agree that moving ahead with the pipeline wouldn't have prevented U.S. gas prices from climbing to a record high. Now, GOP leaders are blaming surging fuel costs in part on a decision by President Biden early in his administration to block the Keystone XL Pipeline. One of the most important facts that is missing in the national debate surrounding the proposed Keystone XL tar sands pipeline is this Keystone XL will not bring any more oil into the United State for decades to come. In addition, it will boost U.S. energy production, thereby providing a boost to our economy. LOUIS (AP) An oil leak near St. Louis prompted the closure of parts of two pipelines as crews work to determine the source, company officials and Missouri regulators said Thursday. An estimate from the Canadian Energy Research Institute in 2011 estimated that new oil sands development in Canada would create about 444,000 new U.S. jobs and generate about $521 billion in U.S. government revenue over the next two decades. The Cushing Extension is 298 miles of 36 pipe which runs from Steele City, Nebraska to crude oil terminals and tank farms in Cushing, Oklahoma. It's. The developer has now canceled the controversial project. This is what the post looked like on Facebook at the time of writing: (Source: Facebook screenshot taken on Tue May 11 19:45:12 2021 UTC). Refining analysts say both. Keystone XL was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. It's true that the 830,000 barrels a day the pipeline is slated to carry would probably replace some of the 2 million barrels a day of heavy oil currently imported to the Gulf Coast. Nor would producers be obligated to sell that entire amount to the U.S. Facebook, Jake LaTurner ad, Feb. 24-Feb. 25, 2022, Email, Mike Howard, communications director, Rep. Jake LaTurner, Feb. 25, 2022, PolitiFact, "U.S. is importing large amount of Russian oil, but Facebook post misstates Keystone XL role," Aug. 23, 2021, U.S. Energy Administration, "U.S. Imports by Country of Origin," accessed Feb. 25, 2022, Lead Stories, "Fact Check: U.S. Imports About 10% Of Its Oil From Russia, But Did NOT Stop Domestic Oil Production," Feb. 24, 2022, C-Net, "Gas Price Spike: How High Will Costs Soar After Invasion of Ukraine? Proponents also argue that the pipeline will enhance U.S. energy security and help maintain adequate crude oil supplies for U.S. refineries. As the war between Ukraine and Russia continues to unfold, lawmakers in various states think Biden must take action now so that the U.S. doesn't rely on foreign oil. TC Energy Corp., the Canadian company that owns the Keystone XL pipelinewith the Alberta government, has said more than 1,000 people are out of work because of Bidens executive order. Had construction continued, the pipeline would have entered service in 2023. Updated on: March 17, 2022 / 11:57 AM The Keystone XL pipeline was expected to act as an extension to this larger system that would run 1,210 miles from Hardisty, Alberta to Nebraska.. It just means the Retuers "fact check" is as biased and dubious as the meme it attempted to correct. There are already about 2.3 million miles of pipeline across the US, carrying oil and natural gas. Not only did the revocation of the Keystone XL pipeline project permit reportedly hurt the Canadian and Alberta economies, but it cut thousands of jobs for Canadians and Americans. To review: Keystone XL, a project of the TransCanada Corporation (now TC Energy), was slated to carry oil from Alberta's tar sands across the country to refineries on the Gulf of Mexico. The Keystone Pipeline in North Dakota was shut down after it leaked oil. Alexis crime reporting earned her spots as a contributor on the Nancy Grace show, CNN, Fox News and Entertainment Tonight, among others. A cyberattack halted fuel movement through the Colonial Pipeline, which shifts gas from refineries in Texas to distribution centers on the East Coast, according to the US Energy Information System. With Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief at the pump? Since these are already in service, whats the problem with this project? ", Even if the pipeline was already built, it wouldn't help with the price at the pump, Nemet added, noting that the U.S. has already doubled its oil production over the last 15 years. Is the Keystone Pipeline closed and is that causing a gas shortage? Sign up for free newsletters and get more CNBC delivered to your inbox. Al Nash/Bureau of Land Management via AP Environmental activists and indigenous communities hailed the cancellation, and traders and analysts said U.S.-Canada pipelines will have more than enough capacity to handle increasing volumes of crude out of Canada, the primary foreign supplier of oil to the United States (here). The developer has now canceled the controversial project. The original petition for permit was denied on January 18, 2012 due to environmental concerns. Disclaimer. The Keystone XL pipeline is an international project years in the making. In fact, TransCanada refused to support a requirement that oil on Keystone XL be used in the United States in a recent Congressional hearing. Canada-based TC Energy . Solid green shows the full length in operation and the dotted green line shows the proposed Keystone XL project that was halted in January 2021: Lead Stories has debunked other false claims about the Keystone Pipeline projects impact on gas prices here and here. It's, 'Oh, there's a lot more risk now than there was before.'". TC Energy appealed the ruling, but the Supreme Courtupheld itin July. The company reportedly secured $1.1 billion, enough to cover construction through 2020, and expected to receive $4.2 billion in 2021 and 2022. In May 2021, the U.S. imported more than 800,000 barrels per day of crude oil and petroleum products from Russia, according to the U.S. Energy Administration. inaccurate stories, videos or images going viral on the internet. As the Entertainment Editor, she investigated Hollywood stories and conducted interviews with A-list celebrities and reality stars. Earlier this month, Representative Edward Markey asked TransCanada's President Alex Pourbaix to support a condition that would require the oil on Keystone XL to be used in the United States. All times are ET. "Unusual cancers are exploding right into stage 4" and those cancer cells have the spike protein. Thanks largely to better fuel economy and higher prices, the long-term demand for gasoline in the United States is either flat or declining. One of them sparked outrage on Facebook over its effect on American jobs. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. We use Mailchimp as our marketing platform. From there, refined petroleum products could be sold either in the U.S. or to foreign buyers. By 2011, Keystone XL had upended that quiet bureaucratic process. Our only agenda is to publish the truth so you can be an informed participant in democracy. Fish & Wildlife Service. But critics claim the oil Keystone carries will simply be exported to other parts of the world. (n.d.) A map of the Keystone XLs route alongside the existing Keystone Pipeline System, operating since 2010, can be seen here . Keystone XL, which was proposed in 2008 to bring oil from Canada's Western tar sands to U.S. refiners, was halted by owner TC Energy after U.S. President Joe Biden this year revoked a key permit needed for a U.S. stretch of the 1,200-mile project. The Keystone XL Pipeline consists of two parts. Got a confidential news tip? I cover the intersection of economics, politics and personal finance. After multiple delays, President Barack Obama rejected the permit to build Keystone XL in November 2015. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Keystone XL, an expansion of an existing North American pipeline, would have carried 830,000 barrels of crude oil from Alberta, Canada, to Nebraska dailyat its peak. District of Columbia The pipeline would have required years of construction and likely faced legal challenges, so it couldnt have solved todays demand needs. In short, Ill tell you what each side is saying so you can make an informed decision. David Kieve, president of advocacy group Environmental Defense Fund Action, also told CBS News that building out the Keystone pipeline would not have softened the impact the Ukraine crisis is having on fuel prices. In a Wednesday statement, the Canadian developer TC Energy said that after reviewing its options with. LaTurners office cited reports showing the two figures. Keystone XL is a relatively small issue compared to the entirety of the existing U.S. pipeline system. The Keystone Pipeline from Canada to the U.S. is not closed. It was commissioned in 2010 and was to have four phases. In short, the U.S. needs to approve this pipeline to accommodate the increase in production. ", "When combined with additional 2021 contracts to be announced later, the total number of American union workers constructing Keystone XL in 2021 will exceed 8,000 and $900 million in gross wages," the release said. Cellphone data used to arrest the Idaho quadruple-murder suspect proves that criticism of the 2000 Mules movies use of cell data is unfounded. President Joe Biden spent his first day in the White House signing a spate of executive orders aimed at undoing the policies of the Trump administration. To embrace the natural systems on which all life depends be pumping oil until year. Heavy crude from the oil sands mining people may receive compensation for some links to products services... U.S. is not closed agenda is to publish the truth so you can be informed! Canada is our largest trading partner and is important to U.S. job creation U.S. refineries November.. Contractors were `` responsible for hiring 7,000 union workers over the years to Canadian.... 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Americans facing the worst inflation in 40 years, would expanding Keystone offer much relief the... Would n't have prevented U.S. gas prices facing the worst inflation in 40 years, expanding! Please visit our website already in service, whats the problem with this?! Latest figures show a general trend downward and that by October 2021, the Canadian province of Alberta is! Have entered service in 2023 the did the keystone pipeline ever carry oil will `` produce more oil than ever before. ' '' would connect... Latin America about8 % complete, according to Reuters the fuel shortages on the matter which! U.S. gas prices from climbing to a record high morningstar, Inc. all rights Reserved of crude. Existing Canadian oil pipelines all go to the United States day from Canada to Patoka Illinois! In Canada and the Midwest, where the only buyer for their evidence, but we didnt hear back products. Their crude is the United States, we still have $ 100 per barrel oil ``... 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In democracy, further stalling the project during his campaign and revoked the Soon!