Highlights of U.S. State Department review of Keystone XL pipeline
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:
â€” Drivers of oilsands development are global and any single infrastructure project is unlikely to significantly affect the rate of extraction in oilsands areas.
â€” Cross-border pipeline constraints have a limited impact on crude flows and prices.
â€” East-west pipelines to Canada's coasts would be used to export oilsands crude to growing Asian markets.
â€” If east-west and cross-border pipelines are at capacity, oilsands crude could reach U.S. and Canadian refineries by rail.
â€” Keystone XL would result in fewer greenhouse gas emissions than the alternative of shipping oil by rail.
â€” U.S. jobs supported during construction: 16,100 direct and 26,000 indirect.
â€” U.S. jobs once completed: 35 permanent employees and 15 temporary contractors.
â€” Total estimated property tax from pipeline: US$55.6 million spread across 27 counties and three states.
Read more Business News
- All candidates forum comingKelowna
- Truck thief quickly nabbedPenticton / S. Okanagan
- Bobbitt hearing adjournedPenticton / S. Okanagan
- Development builds protestKelowna
|QHR Technologies Inc||1.17||+0.05|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.17||+0.18|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||+0.01|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...