IN JANUARY TRANSCANDA CORPORATION ANNOUNCED THEY WOULD BE MOVING FORWARD WITH THE KEYSTONE XL PIPELINE
THE PIPELINE WOULD GO FROM ALBERTA CANADA, THROUGH EASTERN MONTANA ALL THE WAY TO NEBRASKA.
COMPANY OFFICIALS SAY THEY LANDED ABOUT 500,000 BARRELS PER DAY OF 20-YEAR COMMITMENTS FROM SHIPPING CUSTOMERS, AND WOULD GENERATE TENS OF MILLIONS OF DOLLARS IN LOCAL TAX REVENUE…
THE PROJECT IS RAISING SOME CONCERNS ACROSS THE TREASURE STATE.
TransCanada released the following statement:
Keystone XL is a safe, modern and technologically advanced piece of North American energy infrastructure. The project will contribute tens of millions of dollars to Montana’s economy through construction activities, property taxes and business opportunities for local suppliers. In addition to these considerable economic benefits and the jobs the project will support, Keystone XL will allow more North American oil to reach U.S. refineries which supports U.S. economy and reduces reliance on OPEC oil.