Posted on: 17 March 2015
The Keystone pipeline project is big news in America, with many economic benefits envisioned for that country. But what can it do for Canada? The pipeline originates here and has been serving Canada for years. When the project with America starts, a new pipeline will be built off of the existing one to ship Canadian oil to the States.
It is not often that the Canadian perspective of this proposed joint oil project with America is explored in the news. Will it benefit Canadians just as much as Americans, or is Canada getting a raw deal in the matter? Here is everything you need to know about the proposed Keystone pipeline project with America and the various ways it will be beneficial to Canada.
1. It Will Create More Jobs For Canadians In The Civil Construction Field
There will be plenty of new jobs in civil construction when the Keystone pipeline project with America gets started. According to Money.CNN.com, about a third of the pipeline for this project would be built in Canada. Civil construction jobs will be needed in all kinds of areas, such as:
- Building pump houses
- Hydro excavation
- Reclamation projects
- Excavation services
- Concrete services
It is estimated that about Canadian 20,000 jobs will be created due to the pipeline project. This is far more than the estimated 5,000 direct jobs the project is estimated to create in the United States. Canada is definitely coming out ahead in this project when it gets the green light to begin.
The pipe itself has to be built, along with all of its supporting structures. These are permanent Canadian jobs that are projected to last for years.
There are also an additional 120,000 indirect, temporary jobs that are estimated to be created by the pipeline project in Canada. These jobs are in the form of support services for the civil construction workers, such as restaurant and hotel employees.
2. It Will Improve Canada's Economy
The economic benefits of the pipeline to Canada are plentiful. The creation of so many new jobs, even the temporary ones, will give more purchasing power to Canadians in those jobs, as well as their families. These people will go out and spend money, supporting other businesses and putting more cash into circulation in the country.
Strong buying power among consumers and robust businesses will create a thriving economic environment. This environment will bring more tax money to the Canadian government. The government, in turn, will be able to use the tax money to support a variety of new and important public works projects that will benefit all Canadians.
Even though the pipeline project will only create jobs in the Alberta area, where the pipeline is being built, its positive economic impact will be felt throughout the nation.
3. It Will Improve Transportation Safety
There have been a number of high profile train accidents in Canada recently. These accidents have involved trains that were transporting oil from one area of the country to the other, as well as into the United States. With the Keystone pipeline, there will be less need for train transportation of oil by train, as the pipe will take the oil where it needs to go.
Though support for the pipeline seems to be declining among Canadians the longer it takes for America to approve it, it still has slightly more supporters than detractors, with 48 percent of Canadians approving of the project and 46 percent disapproving. The increased safety due to improved transportation of oil is an important factor among those who approve of the project.
The Canadian government is very much in favor of the pipeline project. In fact, it has been pushing the United States to approve the project for some time. Right now, it looks like it is a question of not if the project will start, but when.
With so many benefits to Canadians as a whole, there is every reason for the average Canadian citizen to support the Keystone pipeline project. If you haven't voiced your opinion on it yet, let your government representatives know how you feel. It is something that Canada needs. For more information, contact a company like Fortune Oilfield Construction Ltd.Share