Biden admin canceling Keystone ‘not going to solve global warming’: Steel pipe and tube manufacturer
Biden canceling Keystone pipeline ‘not going to solve global warming’: Zekelman Industries CEO
Zekelman Industries CEO and Chair Barry Zekelman argues the Biden administration is doing a ‘disservice’ to the U.S. oil industry.
Barry Zekelman, CEO and Chair of Zekelman Industries joined "Mornings with Maria" Friday to discuss the damage Biden's energy policies has had on the steel industry as the administration looks to tackle climate change, arguing canceling oil pipelines is "not going to solve global warming."
BARRY ZEKELMAN: You know, when they canceled the Keystone pipeline, it's really a red herring, right? That's not going to solve global warming. All we did is export the demand for oil and the supply of oil to other countries who quite frankly, produce it in a much dirtier way than the US. The US. is the cleanest country for producing fossil fuels. And clearly, the need is still there.
AT GLOBAL ENERGY CONFERENCE, LEADERS ACKNOWLEDGE FOSSIL FUELS NOT GOING AWAY SOON
We're asking countries who are not our friends Russia, Venezuela, even Saudi Arabia now, potentially Iran, to ship us more oil. So we're doing a disservice to the industry. But when you do that, you also limit capital investment by canceling that pipeline. You know, you've got companies that spend $15 billion putting that in, and now it's gone.