Thursday, October 13, 2011

CNN Money, September 30, 2011, Friday

CNN Money

September 30, 2011, Friday

CNN Money (full article)

U.S. to decide the Keystone XL pipeline's fate

TransCanada says building the pipeline would put 20,000 Americans directly to work during the construction phase and add an expected 118,000 spin-off jobs. The project would also, the company says, pump $20 billion into the U.S. economy and increase personal income by $6.5 billion.

But a report released this week by the Cornell University Global Labor Institute questions TransCanada's job creation claims.

"The project will create no more than 2,500-4,650 temporary direct construction jobs for two years, according to TransCanada's own data supplied to the State Department," according to the report.