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Obama disputes Keystone pipeline job figures.

Obama disputes job projections for Keystone XL pipeline

WASHINGTON, July 27 (Reuters) – U.S. President Barack Obama

called into question the number of jobs that would be created
from the controversial Keystone XL pipeline in an interview with
the New York Times released on Saturday.

“Republicans have said that this would be a big jobs generator,” Obama said, according to the newspaper.

“There is no evidence that that’s true. The most realistic
estimates are this might create maybe 2,000 jobs during the
construction of the pipeline, which might take a year or two,
and then after that we’re talking about somewhere between 50 and
100 jobs in an economy of 150 million working people.”

TransCanada Corp’s proposed pipeline is designed to
carry 830,000 barrels of crude oil per day from the Canadian oil
sands and the Bakken shale in North Dakota and Montana south to
refineries on the U.S. Gulf Coast. It would cost about $5.3
billion to build.

Obama’s administration is under pressure from Republicans
and business groups to approve the project because of the
economic benefits they say it will bring.

Environmentalists oppose the project because of the carbon
pollution they say it would generate. Carbon emissions are
blamed for contributing to global warming.

The project was first proposed in 2008 but is still making
its way through a State Department study process.

The Times said Obama disputed an argument that the pipeline
would bring down gasoline prices. He said it might actually
increase prices somewhat in the U.S. Midwest, which would be
able to ship more of its oil elsewhere in the world, the paper
reported.

Obama said in June the project would serve U.S. interests
only if it did not “significantly exacerbate” carbon pollution.
The Times quoted him as saying that Canada could potentially be
doing more to “mitigate carbon release.”

The administration’s final decision is expected later this
year or early in 2014.

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