OTTAWA, Jan. 18, 2012 /CNW/ - "Today's decision denying the Keystone XL
pipeline proposal deepens America's dependence on hostile or unreliable
suppliers and will cost U.S. jobs," says Canadian Chamber of Commerce
President Perrin Beatty. "Canada should continue to press for a
positive decision to build Keystone, but it's also time to diversify
our energy markets."
The U.S. State Department rejected TransCanada Pipeline's proposal this
afternoon. While TransCanada has announced its intention to apply for a
permit for a modified route, today's announcement delays a final
decision until after the 2012 U.S. presidential election. The project
was initially delayed after the state department postponed its decision
under pressure from U.S. activist groups. The initial Keystone project
was approved in 693 days, but the debate on the current project has
already taken almost double this time.
Keystone XL would create 20,000 jobs and reduce America's dependence on
energy from unstable suppliers in the Middle East and South America.
Canada is already the largest source of energy for the U.S. and
Keystone XL would allow Canadian oil to replace U.S. purchases from
"In the past year we've seen enormous volatility among U.S. oil
suppliers, with the exception of Canada. Canada's enormous energy
resources will be brought to market. The only issue is whether the
United States will be the customer," added Beatty.
The Canadian Chamber of Commerce is the vital connection between
business and the federal government. It helps shape public policy and
decision-making to the benefit of businesses, communities and families
across Canada with a network of over 420 chambers of commerce and
boards of trade, representing 192,000 businesses of all sizes in all
sectors of the economy and in all regions. News and information are
available at Chamber.ca or follow us on Twitter @CdnChamberofCom.
SOURCE Canadian Chamber of Commerce, The
For further information:
Émilie S. Potvin
Director, Public Affairs & Media Relations