Thank you, Mr. Terry, and thank you for your leadership on this issue. I am honored to serve on the subcommittee that you chair. The discussion this evening has been on unemployment insurance, and that is a worthy discussion. Almost all…
Thank you, Mr. Terry, and thank you for your leadership on this issue. I am honored to serve on the subcommittee that you chair.
The discussion this evening has been on unemployment insurance, and that is a worthy discussion. Almost all Americans want to work. The best way for Americans to work is for jobs to be created. The unemployment rate in this country is far too high and the labor participation rate in this country is at a 30-year low.
To those of us who are concerned particularly about the labor participation rate, the best way to get that rate up and to have jobs created is to create jobs, and that is what the Keystone pipeline will do.
Like many Americans and, certainly, like many Americans whom I represent in north/central New Jersey, I have been incredibly frustrated by the repeated and unnecessary delays in moving forward with the construction of the Keystone XL pipeline.
As Chairman Terry has pointed out, it has been more than 2,000 days since TransCanada filed its first application to build Keystone. This is a disappointing milestone for this important economic and energy project.
2,000 days is a long time, and not making a decision is making a decision. It is making a negative decision. The people of the United States deserve a decision to be made and, in my judgment, deserve an affirmative decision.
We, of course, have passed legislation in this regard. I am very proud of the Energy and Commerce Committee on which Mr. Terry and I serve. American-made energy production is one of the few bright spots in today's struggling U.S. economy.
This is due to a series of factors, and of course, our abundance of American gas is at the heart of that. As innovation leads to greater production, the Energy and Commerce Committee, under the leadership of Chairman Fred Upton and of the united effort of those of us on the Republican side, we have been working together to pass measures that will bring increased American-made energy to consumers and businesses.
The Keystone XL pipeline is an important piece of our all-of-the- above energy policy strategy, and we believe--and I think this is demonstrated conclusively--that this will help lower energy costs, create jobs, and reduce our dependence on foreign sources of oil.
Foreign sources of oil, of course, come from dangerous parts of the world, not only the Middle East, but Venezuela as well. We need to be less dependent on foreign sources of oil, and that is why we have promoted the all-of-the-above strategy.
Those who have opposed the Keystone project cite environmental concerns. I certainly respect environmental concerns. I try to be a strong environmentalist, and I know my colleagues on both sides of the aisle try to be strong environmentalists.
The U.S. State Department report regarding environmental concerns related to Keystone found that the project would have a minimal negative impact on the environment. I believe that we should look at the science and what has been demonstrated, that this would not negatively affect the environment in any meaningful way.
The State Department report also outlined some of the other benefits that would come with the project--as Chairman Terry has pointed out-- 42,000 direct and indirect jobs, this at a time when our economy needs to have more in the workforce, so that we can rely less heavily on unemployment insurance, rely more heavily on getting Americans back to work, and make sure that our labor participation rate increases.
The report also indicates that there would be 3,900 construction jobs. These are high-paying jobs. This is what America should really be about: construction, making things. That has been the history of America, certainly in most parts of this country.
This would be of enormous benefit not only to the center of the country, but, in my judgment, to the entire country. Of course, the report also says that there is an estimated $3.4 billion in a boost to our economy.
I was interested to read the testimony today of General James Jones, the distinguished former National Security Adviser to President Obama. He came out in favor of the Keystone pipeline today, as has been referenced by Chairman Terry and by my distinguished colleague from Arkansas, and I am sure by others who will speak this evening.
General Jones has had a distinguished career in service to the United States of America, a career regarding our national security.
There are national security concerns, Chairman Terry, regarding the Keystone pipeline. Canada is one of our best friends. Canada has stood with us. We can recall all of the times in the past where Canadians have come to help the United States.
Recently, in Mexico, there was a summit among the Prime Minister of Canada, the President of Mexico, and the President of the United States. Certainly, the Prime Minister of Canada favors the construction of Keystone. That is one of the many reasons that we should move forward with Keystone.
Most important of all is our own national security, our own creation of jobs, but also we should be a friend to Canada as Canada has been a friend to us. If we do not build it, then, of course, the Canadians might look elsewhere. They might turn east to China, yet another reason to build Keystone.
Of course, the situation that now exists regarding Russia and its terrible actions involving the Crimea and perhaps even other parts of Ukraine, yet another reason, in my judgment, to build Keystone.
After enduring more than 5 years of review of red tape and of delay, I do not believe there is any reason left for President Obama not to approve Keystone XL and to approve it immediately.
I would urge the President, in all sincerity, to examine what is best in the interest of the United States, to examine what is best in the interest of making sure that we move forward together.
It is time to create U.S. jobs from this aspect of energy. It is time to reduce U.S. dependence on foreign oil from unstable sources. It is time to build the Keystone pipeline, long past time.
Mr. Terry, I commend your leadership this evening.