Media Advisory - Fourteen U.S. Senators Urge Secretary of State Hillary Rodham Clinton to Approve Keystone XL Pipeline
Bipartisan Group Calls for Approval of Critical Keystone XL Project
Washington, D.C. (March 16, 2011) - TransCanada Corporation today welcomed the support of 14 United States Senators for the Keystone XL Pipeline. The bipartisan group of United States Senators joins a growing list of landowners, state and federal officials, labor unions, military veterans, energy experts, economists, business leaders and other supporters in urging the Department of State to take favorable action on the Presidential Permit application for this project. In a letter to Secretary of State Hillary Rodham Clinton, the United States Senators called for approval of the critical Keystone XL project in order to strengthen America’s energy security.
The 14 U.S. Senators noted in their letter to the Secretary of State that recent events in Libya and the Middle East have reminded Americans of the country’s dependence on foreign oil from those regions. To that end, the Senators stated that:
“Americans are tired of this dependency. Americans first want our country to develop our own domestic resources to supply our energy needs. However, when domestic supply is going to fall short, then Americans want the U.S. to rely on countries like Canada, that are stable allies, to help us meet our energy needs. As such, we write today in support of the Keystone XL Gulf Coast Expansion Pipeline, a project that the Department of State has been considering under a Presidential Permit application since 2008. Now more than ever, it is critical that this country move forward with this project.”
Specifically, the Keystone XL Pipeline is projected to:
The Perryman Group of Texas conservatively estimated that the Keystone XL Pipeline willadd more than 250,000 permanent jobs for U.S. workers and $100 billion in annual total expenditures to the U.S. economy. Their estimates were based on the 2007 average price per barrel of oil (US $66.52).
Noting that Keystone XL would “provide thousands of high-quality jobs for Americans and invest billions of private sector dollars in our nation’s economy,” the Senators called the economic benefits of “this shovel-ready, multi-billion dollar private sector project…extraordinarily compelling.”
In concluding their letter, the U.S. Senators urged Secretary Clinton to make the Keystone XL Pipeline project a priority:
“Madam Secretary, we cannot let our fellow Americans down by allowing this extraordinary opportunity to bolster the nation’s energy security and ignite our economy slip away. Accordingly, we respectfully urge you to expeditiously conclude the review process, issue a final environmental impact statement and approve the Presidential Permit for Keystone XL.”
The U.S. Senators who signed the letter to Secretary Clinton and the relevant Senate committees they serve on are:
To read the full letter sent to Secretary Clinton, please open this embedded link: 14 US Senators Endorse KXL-Letter-Mar162011-FINAL.pdf
With more than 50 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 60,000 kilometres (37,000 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with approximately 380 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns, or has interests in, over 10,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit www.transcanada.com.
- 30 -
Terry Cunha/Shawn Howard