19 Mar '12, 8am

Keystone XL Pipeline Could Cost More Jobs Than It Creates

Keystone XL Pipeline Could Cost More Jobs Than It Creates

The report points out an alternative to the Keystone XL pipeline: renewable energy. For every $1 million invested in renewable energy, 16.7 jobs are created. Conversely, for very $1 million invested in fossil fuels, only 5.3 jobs are invested (Source: American Center for Progress ). Investing $150 billion in fossil fuels would create about 788,000 jobs, but investing the same amount in renewables would create over 2.5 million jobs. The report gives a specific example: Coal provides 49 percent of the nation’s electricity, and employs about 80,000 people in mining, but wind only generates one percent of the nation’s electricity and employs about 85,000 people.

Full article: http://www.triplepundit.com/2012/03/keystone-xl-pipeline-...

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