New Jersey Senate Bill SR58

New Jersey 2022-2023 Regular Session

• Introduced: 2/14/22
• Refer: 2/14/22

Caption

Opposes President Biden's revocation of Presidential Permit for Keystone XL pipeline.

Impact

The resolution underscores that the revival of the Keystone XL pipeline is crucial for New Jersey residents as energy demands rise post-COVID-19 pandemic. It emphasizes that the U.S. has been making strides towards energy independence, with domestic oil production covering 94% of consumption by 2019. By re-establishing this pipeline, proponents believe it would enhance available resources, ensure safe transportation methods, and address increasing energy demands while maintaining beneficial trade relations with Canada, which supplies nearly half of U.S. petroleum imports.

Summary

Senate Resolution 58 (SR58) presented in the New Jersey Senate expresses strong opposition to President Biden's 2021 revocation of the Presidential Permit initially granted for the construction of the Keystone XL pipeline. This proposed pipeline, if constructed, would transport oil from Alberta, Canada, to the U.S., significantly increasing oil supply by up to 830,000 barrels per day. The resolution advocates for the reinstatement of the permit, arguing that it would bolster American energy security, economic growth, and create high-paying jobs.

Contention

There are notable points of contention surrounding SR58. Proponents highlight the safety and economic advantages of transporting oil via pipeline over rail, citing studies that indicate pipelines are safer and more efficient. Critics of the Keystone XL project have raised environmental concerns regarding potential spills and climate impacts, arguing that the focus should shift toward renewable energy sources rather than expanding fossil fuel infrastructure. The resolution calls on Congress to act against the President's decision, reflecting the underlying political dynamics and varied priorities regarding energy policy in the U.S.