Cornell University Economists Debunk Keystone XL Economic Claims

News — the tar sands action team September 8, 2011 at 9:40 am

Cornell University’s Global Labor Institute just released a new fact sheet analyzing the latest economic data about Keystone XL, concluding that the project is far too risky to undertake in a fragile economic climate:

“The idea that Keystone XL is a “game changer” in terms of generating jobs and stimulating economic growth is a massive overstatement … However, building the Keystone XL pipeline represents a serious and long term commitment (valued at $14 billion) on the part of the U.S. to dirty fossil fuels—a commitment that will having a chilling effect on economic activity based on clean and renewable energy.”

In addition to this chilling effect, the risk of economic damage from spills and other pollution pose a long term threat to traditional economic activity that has supported local communities along the pipeline route for generations.

Read the entire report here:

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