Valve Magazine

Wed04162014

Last updateWed, 16 Apr 2014 1pm

Back You are here: Home News Industry Headlines End-User News Commissioned TransCanada Study Reinforces Economic Benefits of Pipeline

End-User News

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

Sponsored Products

 

Valve Magazine Digital Edition

14 wnt cover 160x214Inside the Winter 2014 issue…

• Compression Packing Friction
• Wireless Technology
• Purchasing Standards
• New EPA Concerns

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL