Earlier this week, TC Energy announced it will proceed with the Keystone XL pipeline project, resulting in an investment of approximately US$8 billion into the North American economy.
CEPA has since announced its support of this decision, saying Keystone will be a safe, reliable and environmentally responsible way to connect the American economy with Canadian energy.
“Using world leading safety measures and technologies, this project represents billions of dollars of capital investment and thousands of well-paying jobs,” said CEPA in a statement.
“As the most studied cross-border pipeline in North American history, it will provide the US with a secure source of crude oil from a trusted trading partner, Canada.”
The decision will also provide a critical boost of confidence to the Albertan and Canadian economies.
CEPA has commended both TC Energy and the Government of Alberta for their steadfast support of the Canadian energy industry.
For more information visit the CEPA website.
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