Cornell University Economists Debunk Keystone XL Economic Claims

Our friends at Cornell’s Global Labor Institute have lead the way in building labor-environment coalitions. This study once again shows that union jobs and green jobs are part and parcel with economic recovery and American prosperity.

Reposted from TarSandsActon.org.

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: http://priceofoil.org/wp-content/uploads/2011/09/CU_KeystoneXL_090711_FIN2.pdf

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