WASHINGTON – A quick look at some of the highlights from the U.S. State Department’s report on TransCanada Corp.’s proposed Keystone XL pipeline:
- Drivers of oilsands development are global and any single infrastructure project is unlikely to significantly affect the rate of extraction in oilsands areas.
- Cross-border pipeline constraints have a limited impact on crude flows and prices.
- East-west pipelines to Canada’s coasts would be used to export oilsands crude to growing Asian markets.
- If east-west and cross-border pipelines are at capacity, oilsands crude could reach U.S. and Canadian refineries by rail.
A map of the proposed route of the Keystone XL pipeline:
- Keystone XL would result in fewer greenhouse gas emissions than the alternative of shipping oil by rail.
- U.S. jobs supported during construction: 16,100 direct and 26,000 indirect.
- U.S. jobs once completed: 35 permanent employees and 15 temporary contractors.
- Total estimated property tax from pipeline: US$55.6 million spread across 27 counties and three states.
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