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Commissioned TransCanada Study Reinforces Economic Benefits of Pipeline

In an effort to win support for the $12 billion Energy East pipeline, Canada’s TransCanada Corp commissioned a report from Deloitte & Touch LLP on the economic benefits of the project. The recently released study said the project could generate an average of 7,720 jobs per year during the development and construction period of 6 years, and that it would generate an additional economic output of $10 billion. Over its 40 year operation phase, the pipeline project is expected to generate $25.3 billion throughout Canada.

However, the company has been accused by environmentalists and others of inflating job forecasts on its other pipeline project, Keystone XL, which has stalled awaiting U.S. State Department approval. This summer, President Barack Obama even scoffed at the figures for that project in an interview with The New York Times.

However, TransCanada has said that the Energy East plan would create 10,000 person-years of work during construction.

Source: The Globe and Mail

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