FSEIS Quick Facts
The safe, reliable construction and operation of Keystone XL remains TransCanada’s top priority. The U.S. State Department concluded in its final environmental analysis published in January 2014 that building Keystone XL based on stringent U.S. regulatory guidelines and conditions “would result in a project that would have a degree of safety over any other typically constructed domestic oil pipeline system under current code.”
Here are some other important facts from the Final Supplemental Environmental Impact Statement (FSEIS):
- During construction, Keystone XL would create significant employment benefits in the form of tens of thousands of well-paying jobs and billions of dollars in earnings for U.S. workers.
- The total estimated property tax from the proposed project in the first full year of operations would be about $55.6 million spread across 27 counties in three states.
- Keystone XL would contribute approximately $3.4 billion to U.S. GDP resulting in a large economic boost for America.
- If Keystone XL is approved, the public will see fewer spills, fewer injuries, and fewer fatalities when compared to the alternative of transporting crude by rail.
- Keystone XL will offset as many as 200 ocean tankers per year, reducing greenhouse gas emissions by as much as 19 million metric tons. (U.S. Department of State, FSEIS for Keystone XL – August 2011)
- Keystone XL will result in lower GHG emissions; the FSEIS finds that under any alternative scenarios where the project is denied, you will see greater GHG emissions from the movement of this oil.
- Keystone XL is unlikely to significantly affect the rate of extraction in the oil sands
The FSEIS also includes extensive scientific review of geology, soils, water resources, wetlands, wildlife, air quality and noise, terrestrial vegetation, fisheries, species at risk, cultural resources, greenhouse gas emissions and climate change.