Manufacturers say delay on Keystone XL will hurt job growth.November 8, 2011 -
Chip Yost, NAM VP for Energy and Resources Policy, issued statement urging Administration to move forward on decision to approve Keystone XL Pipeline Project. According to Yost, report that Administration may not move forward until early next year is disappointing. Project will immediately create 20,000 construction and manufacturing jobs in U.S., and, according to Perryman Report, it will create additional 118,000 indirect jobs and inject $20 billion into economy.
Manufacturers: Further Delay on Keystone XL Will Hurt Job Growth
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National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
Press release date: October 26, 2011
Project Will Create Thousands of Good, High Paying Jobs and Will Provide Much-Needed Economic Growth
Washington, D.C., - National Association of Manufacturers (NAM) Vice President for Energy and Resources Policy Chip Yost issued the following statement today urging the Administration to move forward as soon as possible on the decision to approve the Keystone XL Pipeline Project:
"Today's report that the Administration may not move forward on this job-creating project until early next year is disappointing. Americans need jobs, and this project will immediately create 20,000 construction and manufacturing jobs in the United States. Further, a Perryman Report estimates that the project will create an additional 118,000 indirect jobs and will inject $20 billion into our economy.
The manufacturing industry uses one-third of our nation's energy supply. According to the Manufacturing Institute and Deloitte, it is currently 20 percent more expensive to do business in the United States than with our largest trading partners. To remain competitive in the growing global marketplace, manufacturers need access to affordable sources of energy. The Keystone XL project will not only create thousands of jobs but also serve as a key source of energy for manufacturers. Further delaying the decision to approve the project delays the creation of important construction and manufacturing jobs.
Manufacturers urge the State Department to approve Keystone XL as soon as possible so we can begin to create much-needed jobs."
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.