Further Delay on Keystone XL Will Hurt Job Growth
10/26/2011 11:43:00 AM
Washington, DC, - National Association of Manufacturers (NAM) Vice President for Energy and Resources Policy Chip Yost issued the following statement today urging the Administration to move forward as soon as possible on the decision to approve the Keystone XL Pipeline Project:
"Today's report that the Administration may not move forward on this job-creating project until early next year is disappointing. Americans need jobs, and this project will immediately create 20,000 construction and manufacturing jobs in the United States. Further, a Perryman Report estimates that the project will create an additional 118,000 indirect jobs and will inject $20 billion into our economy.
The manufacturing industry uses one-third of our nation's energy supply. According to the Manufacturing Institute and Deloitte, it is currently 20 percent more expensive to do business in the United States than with our largest trading partners. To remain competitive in the growing global marketplace, manufacturers need access to affordable sources of energy. The Keystone XL project will not only create thousands of jobs but also serve as a key source of energy for manufacturers. Further delaying the decision to approve the project delays the creation of important construction and manufacturing jobs.
Manufacturers urge the State Department to approve Keystone XL as soon as possible so we can begin to create much-needed jobs."