4 Reasons the State Department Thinks Obama Should Approve the Keystone Pipeline
Today the State Department released yet another Environmental Impact Statement (EIS) about the Keystone XL Pipeline. The definition of a bureaucratic nightmare, TransCanada has been trying to build the Keystone Pipeline for over 5 years.
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Now that the State Department has released its generally positive assessment of the project, Obama should stop sitting on his hands and approve it. Here are three quotes from the EIS highlighting exactly why Obama should approve the pipeline.
Jobs are good
"During construction, proposed Project spending would support approximately 42,100 jobs (direct, indirect, and induced), and approximately $2 billion in earnings throughout the United States.”
Canada will develop its oil reserves with or without the Keystone pipeline. The only question is, will the U.S. refine the oil, or will China?
"[A]pproval or denial of any one crude oil transport project, including the proposed Project, remains unlikely to significantly impact the rate of extraction in the oil sands, or the continued demand for heavy crude oil at refineries in the U.S.”
The world will continue to run on oil:
“The dominant drivers of oil sands development are more global than any single infrastructure project. Oil sands production and investment could slow or accelerate depending on oil price trends, regulations, and technological developments, but the potential effects of those factors on the industry’s rate of expansion should not be conflated with the more limited effects of individual pipelines.”
And lastly, that blocking or approving the Keystone XL pipeline would not have a "significant" impact on overall greenhouse-gas emissions and future tar-sands expansions.
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