President’s Executive Orders Show Support for Infrastructure Investment

Expediting Keystone XL and Dakota Access pipeline projects is right decision for U.S. economy.
WASHINGTON, DC – The American Council for Capital Formation today released the following statement from ACCF Vice President of Communications Robert Dillon on President Donald Trumps’ executive orders expediting the Dakota Access Pipeline and Keystone XL Pipeline projects:
“In signing the Keystone XL and Dakota Access executive orders, President Trump is following through on his campaign promise to reverse the previous administration’s approach of abusing the regulatory process to pursue a political agenda. Unfortunately, that agenda came at the expense of the U.S. economy and American jobs. Today’s action by President Trump not only respects the rule of law, it also signals that America is once again open for business. Investment, growth and job creation should be the cornerstone of the President’s agenda and today’s executive orders reflect that commitment.
“Over the past several years, the United States has reemerged as the world’s leading energy producer. Unfortunately, our infrastructure has not kept pace and additional economic growth has been held back by a lack of pipelines and other energy infrastructure that have become the targets of special interest groups. Basic infrastructure projects like Keystone XL and Dakota Access pipelines – and the economic activity and jobs that accompany them – are long overdue.
“The American Council for Capital Formation is pleased that the new administration has revisited these two important projects and taken a pro-growth approach to our nation’s energy sector.”
The American Council for Capital Formation Center for Policy Research is a nonprofit, nonpartisan economic policy organization dedicated to the advocacy of pro-growth tax, energy, environmental, regulatory, trade and economic policies that encourage saving and investment.