12 Jan '12, 3pm

The truth about Keystone XL and the economy - who really wins? (Hint: it's not the American people)

The facts show that the Keystone XL tar sands pipeline will not help the American economy. Yet, in this morning’s State of American Business speech at the US Chamber of Commerce, once again the Keystone XL pipeline project was put forward as some type of economic savior. Are you kidding me? Keystone XL is a plan for oil companies to bypass the Midwest so that they can get higher prices for their oil by exporting it from the Gulf Coast. This afternoon we can expect to hear more of the same from a Business Roundtable discussion with John Engler. What the claims about Keystone XL don’t tell us is oil companies are in the driver’s seat when it comes to Canadian tar sands oil and we should never mistake their interests for the interests of the American public or economy. Tom Donohue, the Chamber President, is just the latest to try to claim that Keystone XL would create 20,000 ...

Full article: http://switchboard.nrdc.org/blogs/sclefkowitz/the_truth_a...

Tweets

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