On July 3, a group of stakeholders joined Keystone XL President Richard Prior and Alberta Premier Jason Kenney in Oyen, Alberta, to officially kick off construction of the Keystone XL Pipeline project in Alberta.
“Keystone XL is an important energy infrastructure project that is poised to put thousands of people to work, generate substantial economic benefits and strengthen North American energy security,” said Richard Prior, president, Keystone XL.
The project will see approximately 2,000 construction workers hired in Alberta over the next three years, spurring thousands of additional jobs and increased economic activity in associated trades, retail and hospitality services along the construction route.
Overall, the project will contribute about $2.4 billion to Canada’s GDP and will generate more than $7 million in property taxes in the first year in service. It’s estimated the project will generate $30 billion in tax and royalty revenues for current and future generations of Albertans.