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Economic Benefits
An independent study finds that construction of the Keystone Gulf Coast Expansion Pipeline project should provide significant, positive contributions to U.S. energy security and the U.S. economy valued at over $20 billion. The Perryman Group study states that the proposed pipeline project should improve U.S. energy security with the ongoing benefit to the U.S. economy of a more stable source of consistent energy supply over an extended period of time.
The study further concluded that once the pipeline is operational, the states along the pipeline route are expected to receive an additional $5.2 billion in property taxes during the estimated operating life of the pipeline. The $7 billion pipeline project is expected to directly create more than 20,000 high-wage manufacturing jobs and construction jobs in 2011-2012 across the U.S., stimulating significant additional economic activity.
Related Information
