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Economic Consequences of Delaying Keystone XL

Economic Consequences of Delaying Keystone XL

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Published by Energy Tomorrow
Oil sands development in Canada supports a broad array of jobs in the United States. A recently released Canadian Energy Research Institute (CERI) study estimated that oil sands projects are currently supporting over 80,000 U.S. jobs. However, current export pipeline capacity from Canada to the U.S. is approaching capacity. Delays in permitting the Keystone XL pipeline delay the start of additional oil sands projects in Canada. CERI estimates that new projects facilitated by the Keystone XL pipeline could support over 10,000 jobs in the U.S. in 2012, 27,000 jobs in 2013, and 34,000 jobs in 2014.
Oil sands development in Canada supports a broad array of jobs in the United States. A recently released Canadian Energy Research Institute (CERI) study estimated that oil sands projects are currently supporting over 80,000 U.S. jobs. However, current export pipeline capacity from Canada to the U.S. is approaching capacity. Delays in permitting the Keystone XL pipeline delay the start of additional oil sands projects in Canada. CERI estimates that new projects facilitated by the Keystone XL pipeline could support over 10,000 jobs in the U.S. in 2012, 27,000 jobs in 2013, and 34,000 jobs in 2014.

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Published by: Energy Tomorrow on Jul 26, 2011
Copyright:Attribution Non-commercial No-derivs

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11/09/2012

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