TransCanada welcomes the U.S. Department of State’s Final Supplemental Environmental Impact Statement (SEIS). This concludes the longest and most exhaustive environmental review of any pipeline project in the history of North America. The State Department’s Final SEIS (PDF, 4 MB) — and four previous environmental impact statements written over the past five years containing over 15,000 pages of scientific research – all reached a similar conclusion: Keystone XL would have minimal impact on the environment, will create thousands of much-needed jobs and will bolster U.S. energy security.
What this report shows is that Keystone XL is not about energy versus the environment; it’s about where Americans want to get the oil they need to keep U.S. refineries full and producing products we all rely on every day.
“The environmental analysis of Keystone XL released today once again supports the science that this pipeline would have minimal impact on the environment,” said Russ Girling, TransCanada’s president and chief executive officer. “The next step is making a decision on a Presidential Permit for Keystone XL. I believe that this project continues to be in the national interest of the United States for two main reasons: supporting U.S. energy security and the thousands of jobs our multi-billion dollar project will create.”
No stone has been left unturned, no environmental question left unanswered. The diligence has been done and the message is clear, Keystone XL is the right choice for the environment, it’s the right choice for public safety and it’s the right choice for the United States.
The Final SEIS issued on January 31, 2014, draws the following key conclusions:
- Keystone XL is “unlikely to significantly impact the rate of extraction in the oil sands or the continued demand for heavy crude oil at refineries in the United States based on expected oil prices, oil-sands supply costs, transport costs and supply-demand scenarios.”
- Rail along with ocean tanker and other pipeline alternatives exist to transport crude oil from the Western Canada Sedimentary Basin and Bakken region to Gulf Coast refineries. All other alternatives to Keystone XL are less efficient methods of transporting crude oil, resulting in significantly more greenhouse gas emissions, oil spills and risks to public safety.
- The incorporation of 59 Special Conditions and dozens of other extra spill prevention and mitigation measures will ensure that Keystone XL will “have a degree of safety over any other typically constructed domestic oil pipeline system under current code.”
- Keystone XL will support approximately 42,100 direct, indirect and induced jobs and approximately $2 billion in earnings throughout the United States. It would contribute approximately $3.4 billion to U.S. gross domestic product and provide a substantial increase in tax revenues for local counties along the pipeline route, with 17 of 27 counties expected to see tax revenues increase by 10 per cent or more.
Keystone XL serves the national interest of the United States by connecting safe, reliable and abundant sources of North American crude oil with state-of the-art Gulf Coast refineries. Keystone XL will generate thousands of well-paying jobs, pump billions of dollars in private sector capital into the U.S economy and recapture vital Gulf Coast market share from OPEC countries.
At $5.3 billions dollars Keystone XL is currently the largest infrastructure project on the books in the U.S. and will benefit American families and the U.S. economy. In addition to the 9,000 construction jobs Keystone XL would create, local contractors and local businesses in the counties along the pipeline’s route will benefit as well – restaurants, hotels, department stores, tire shops – the list goes on.
TransCanada’s existing Keystone Pipeline which employed 8,696 U.S. labourers has safely and reliably delivered more than 550 million barrels of crude oil from Canada to refinery markets in the U.S. Midwest since it began operation in July 2010. The Gulf Coast Pipeline, the safest pipeline ever built on U.S. soil, employed 4,844 U.S. labourers and is now safely transporting hundreds of thousands of barrels of North American crude to U.S. refiners.
These critical North American infrastructure projects were also deemed safe, environmentally responsible and in the national interest of the United States. We look forward to a similar assessment of Keystone XL so we can put 9,000 more men and women to work.