Nearly doubling the capacity of the existing Keystone system, the $7 billion Keystone pipeline expansion will be able to transport approximately 1.1 million barrels of crude oil daily, non-stop from Alberta, Canada to market hubs in the Midwest and Texas.
A stable, long-term energy supply is critical to our nation’s energy security, particularly when global supplies are often found in geopolitically unstable regions of the world and production from once-reliable sources is slowing.
Refinery modifications and pipeline construction create jobs and bring additional tax revenue and other economic benefits to their localities. The economic impact and long-term benefits of the construction of the Keystone XL pipeline are significant.
Overall, the Keystone XL pipeline project will:
Create thousands of jobs
Increase tax revenue for local governments
Spur additional indirect economic impact