On 20 November, the Association of Oil Pipe Lines (AOPL) cheered the Nebraska Public Service Commission’s (NE PSC) approval of the Keystone XL pipeline’s route through the state. The NE PSC by a vote of 3-2 found the project in the public interest. This action represents the last major hurdle in the pipeline’s permitting process.
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"AOPL supports Nebraska’s approval of Keystone XL route"
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“Nebraska recognises the Keystone XL pipeline is in the public interest bringing good paying jobs and more affordable energy for US consumers,” said Andy Black, President and CEO of AOPL.
Construction of the Keystone XL pipeline would provide nationally over 42 000 US jobs and US$2.1 billion in US worker payroll, according to economic analysis by the US State Department. While Keystone XL would support 6800 construction jobs with US$420 million in payroll, it would also lead to 4600 manufacturing jobs with US$309 million in payroll, 4400 jobs in trade with US$172 million in payroll, 2200 jobs in finance and insurance with US$131 million in payroll, 5100 jobs in other professional services with US$343 million in payroll, 2700 jobs in health services with US$141 million in payroll, and 5700 jobs in food and accommodations with US$278 million in payroll. Other proposed pipeline projects can be expected similarly to create thousands of jobs with millions of dollars in worker payroll.
Locally in Nebraska, federal government analysis predicted a construction camp in Holt County, NE would generate the equivalent of one full year of property taxes. Nebraska sales and construction equipment use tax revenues would generate US$16.5 million for state government. In its first full year of operation, the Keystone XL would generate US$11.8 million in additional property taxes for counties in the State of Nebraska. Individual Nebraska counties would see their property tax revenues increase 2 - 14%. New revenues from Keystone XL would benefit the communities directly, funding increases to school budgets, police and fire departments and local government needs.
Read the article online at: https://www.worldpipelines.com/project-news/21112017/aopl-supports-nebraskas-approval-of-keystone-xl-route/