TransCanada Corporation (TransCanada) has submitted a Presidential Permit application to the US Department of State for the approval of the Keystone XL (KXL) pipeline.
Independent forecasts by the US Department of State suggest that KXL would support tens of thousands of direct and indirect jobs and associated income during construction and contribute approximately US$3.4 billion to US GDP.
"This privately funded infrastructure project will help meet America's growing energy needs as well as create tens of thousands of well-paying jobs and generate substantial economic benefit throughout the US and Canada," said Russ Girling, TransCanada's President and CEO.
"KXL will strengthen the US' energy security and remains in the national interest. The project is an important new piece of modern US infrastructure that secures access to an abundant energy resource produced by a neighbor that shares a commitment to a clean and healthy environment. Numerous studies have shown that pipelines are a safer and more environmentally sound way to transport oil to market than trains and KXL raises the bar on both fronts," Girling concluded.
Enhanced standards and utilisation of advanced technologies will help to ensure that KXL is built and operated in a way that upholds TransCanada’s commitment to safety and local communities.
TransCanada employees are based in 38 states where the company operates across the US. KXL will benefit American workers, their families and the communities they live in, as well as the US economy. KXL’s construction taking place in Nebraska, South Dakota and Montana alone, will generate hundreds of millions of dollars in employee earnings as well as tens of millions of dollars annually in local tax revenues.
Read the article online at: https://www.worldpipelines.com/business-news/27012017/transcanada-submits-presidential-permit-for-keystone-xl/