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Obama Jobs Council Endorses Keystone XL Pipeline

By Brad Johnson on October 11, 2011 at 8:30 am

"Obama Jobs Council Endorses Keystone XL Pipeline"

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The President’s Council on Jobs and Competitiveness, a panel mostly made up of Fortune 500 CEOs, issued its report today to President Obama with multiple recommendations “to accelerate job growth and improve the country‚Äôs long-term position.” The panel recommends that the president allow the “economic benefits” of the Keystone XL pipeline “be realized,” citing a U.S. Chamber of Commerce claim that the pipeline would “support 250,000 jobs.” A Cornell study, not cited by the jobs council, found that the pipeline “could kill more jobs than it creates.”

Update

The panel also recommends a major upgrade in transmission capability and new financing mechanisms to encourage renewable energy production.

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