American Petroleum Institute backs Canadian oil sands pipeline project
The American Petroleum Institute on Tuesday backed the planned $7 billion Canadian oil sands pipeline project. API President Jack Gerard appealed to the U.S. federal government to approve the TransCanada Keystone XL pipeline. Gerard cited the benefits of the project, which would boost Canadian imports of petroleum sourced from Alberta’s oil sands. He said at the launch of a report on the state of U.S. energy that the pipeline project could create 340,000 new jobs in the U.S. and add $34 billion to the U.S. gross domestic product by 2015. He said the 342,000 direct and indirect jobs would be in the construction and refinery sectors. API, the largest oil industry trade group in the U.S., threw its support to the 2,700-kilometer project as part of its campaign to highlight the role of Canada’s oil sands to the American economy, labor and energy security. API said Canada’s reserves are the second largest in the world, next to Saudi Arabia. However, because of the impact the sourcing and refining the tar sands oil into petroleum have on the environment, many groups including aboriginal Canadian communities oppose the pipeline project. U.S. Secretary of State Hillary Clinton is still studying TransCanada’s application for a presidential permit. The U.S. Environmental Protection Agency in July described as inadequate a draft study by the State Department of the proposed pipeline project. The EPA asked the department to conduct an eco-study that includes details on TransCanada’s emergency response plans, chemical composition of the oil sands bitumen and potential damage to groundwater from pipeline leaks or spills. Clinton indicated in October she was inclined to approve the project, but is under pressure from Democrats in the U.S. House and Senate because of the environmental concerns about the project. ((05 JAN 2011))
Well, they would, wouldn’t they. They are both in the same business.
It would be something of a surprise if the American Petroleum Institute opposed the Keystone XL pipeline.
When the mainstream media talk about the “Energy Lobby” or the “Oil Industry” they probably mean the American Petroleum Institute.
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- January 7, 2011 / 12:31 am