Keystone XL Would Only Create 35 Permanent Jobs
According to TransCanada's figures, should the Keystone XL pipeline be approved, over half a million permanent jobs would be created—a misleading figure at best.
In a study commissioned by the company in 2010, TransCanada claims that the pipeline would create 118,935 non-permanent jobs, with 20,000 openings in construction and manufacturing. It also estimates that the pipeline's construction would create 553,235 permanent jobs due to increased US oil supply.
A report released this week from the State Department, however, estimates much smaller figures. In addition to downplaying the environmental concerns of the construction of the pipeline, it estimates that the project would only create 42,100 jobs during the construction phase of one to two years, which would then diminish to a mere 35 permanent position thereafter for maintenance and inspections.
The long partisan debate over the subject has notoriously floated a plethora of confusing jobs numbers (see chart below).
"Completion of the Keystone XL Pipeline extension will bring over 1.4 million barrels of oil per day into U.S. markets and create more than 100,000 American jobs," House Energy and Commerce Chairman Fred Upton (R-Mich.) said in 2011.
But would the proposed pipeline actually have a significant impact on the US oil market, considering that the majority of the oil that would reach refineries in Texas would be located in free trade zones in the Gulf where supplies could be shipped off to foreign buyers (without paying US taxes)?
“...it will divert tar sands from the Midwest to the Gulf, raising American oil prices and likely also gasoline prices,” the NRDC's Susan Casey-Leftkowitz writes. “An Oklahoma to Texas tar sands pipeline will mean more tar sands converted to diesel and available for export overseas. It will mean less tar sands remaining in the US, even while Americans bear the risks of the pipeline.”
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.