By January 27, 2017 0 Comments Read More →

TransCanada applies for Keystone XL pipeline presidential permit

TransCanada

U.S. President Donald Trump holds up a signed executive order to advance construction of the TransCanada Keystone XL pipeline at the White House in Washington January 24, 2017. REUTERS/Kevin Lamarque

TransCanada says they are committed to working productively with all stakeholders and tribal leaders

TransCanada Corporation announced it submitted a Presidential Permit application to the US Department of State for approval of the Keystone XL (KXL) Pipeline, according to a press release from TransCanada.

“This privately funded infrastructure project will help meet America’s growing energy needs as well as create tens of thousands of well-paying jobs and generate substantial economic benefit throughout the U.S. and Canada,” said Russ Girling, TransCanada’s president and chief executive officer.

“KXL will strengthen the United States’ energy security and remains in the national interest. The project is an important new piece of modern U.S. infrastructure that secures access to an abundant energy resource produced by a neighbor that shares a commitment to a clean and healthy environment. Numerous studies have shown that pipelines are a safer and more environmentally sound way to transport oil to market than trains and KXL raises the bar on both fronts,” said Girling.

Enhanced standards and the utilization of the most advanced technology will help ensure KXL will be built and operated to uphold a fundamental commitment to safety, according to TransCanada.

Independent forecasts by the US Department of State estimate that KXL will support tens of thousands of direct and indirect jobs and associated income during construction and contribute approximately $3.4 Billion to U.S. GDP.

TransCanada says they are committed to working productively with all stakeholders and tribal leaders as this project moves forward.

KXL will benefit American workers, their families and the communities they live in as well as the U.S. economy.

During construction, in Nebraska, South Dakota and Montana alone, KXL will generate hundreds of millions of dollars in employee earnings as well as tens of millions of dollars annually in local tax revenues providing much needed funds for community schools, hospitals, first responders and roads, according to TransCanada.

Posted in: News

Post a Comment