Local and National Economic Benefits
Keystone XL would provide substantial economic benefits to the U.S. As found in the Final Supplemental Environmental Impact Statement (FSEIS), those benefits would include a multi-billion-dollar contribution to the U.S. GDP and significant property tax revenues, as well as sales and other tax revenues, to counties and states along the proposed project route. Keystone XL will pay more than one hundred million dollars in property and other taxes over its lifetime. This is money counties could use to build new roads, schools and hospitals. Additionally, sales and use taxes revenue from the construction of the proposed project would be approximately $66 million. These revenues could help to ease the tax burden on ordinary Americans. Construction of Keystone XL is also expected to contribute approximately $3.4 billion to the U.S. GDP.