- TransCanada wants to build this pipeline so it can stop dumping tar sands oil at a discount in the Midwest. TransCanada's own analysis shows it would raise Midwest gas prices by 15 cents a gallon.
- How does that impact states outside the Midwest like Virginia? American consumers could pay an extra $500 million for goods from the Midwest thanks to those higher gas prices.
- A Cornell University study found those higher gas prices are one reason Keystone would kill more jobs than it creates - again, especially in a state like Virginia that would see few (if any) jobs directly created by the distant pipeline.
- The pipeline would do nothing to lower U.S. gas prices because the oil will be sold on the international market. Think about it - if you wanted to sell the oil in America, why would you build a pipeline literally all the way down through America to the Gulf Coast?
- The pipeline would benefit from billions in taxpayer subsidies.
- TransCanada predicted its Keystone I pipeline would spill once a year. It's spilled once a month.
- Tar sands oil emits far more carbon pollution over its life cycle than regular oil, fueling the global warming that's threatening Virginia.
As an added bonus, doing the right thing by killing Keystone XL is also a political winner. Isn't it nice when good policy and good politics come together?
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