The Canadian Energy Pipeline Association (CEPA) applauds today’s announcement by TC Energy regarding its final investment decision on the Keystone XL pipeline.
Keystone XL will be a safe, reliable and environmentally responsible way to connect the American economy with abundant Canadian energy. Using world leading safety measures and technologies, this project represents billions of dollars of capital investment and thousands of well-paying jobs. As the most studied cross-border pipeline in North American history, it will provide the U.S. with a secure source of crude oil from a trusted trading partner, Canada.
This decision provides a critical boost of confidence to the Albertan and Canadian economies. It is essential that Canada can continue to attract major investments like Keystone XL, which will result in billions in government taxes and royalties and improved market access for Canadian resources.
TC Energy and the Government of Alberta are commended for their steadfast support of the Canadian energy industry. Canada is a world leader in the construction and operation of energy infrastructure. This decision helps to ensure that Canada will continue to safely deliver our responsibly produced energy resources to the world.
Please attribute this statement to the Canadian Energy Pipeline Association (CEPA) OR Chris Bloomer, President and CEO, Canadian Energy Pipeline Association (CEPA).
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