ThinkProgress Green has learned that TransCanada, the foreign tar sands company behind the proposed Keystone XL pipeline, is facing a potential inquiry into whether it deliberately deceived investors by inflating the job-creation potential of the project.
Greenpeace has filed a complaint with the Securities and Exchange Commission (SEC) over TransCanada’s “false or misleading statements about the proposed Keystone XL pipeline project.”
In the complaint, Greenpeace shows evidence from TransCanada’s Canadian filings and the State Department that the project would involve fewer than 1000 in-state jobs, and around 6000 total jobs. This evidence is contrasted with TransCanada’s (TRP) repeated public pronouncements that pipeline construction would involve 20,000 American jobs:
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1 comment:
I have no idea where Greenpeace got their info,but it does'nt sound correct.The Trans-Alaskan pipeline was only 800 miles long and required 23,000 employees.They were only allowed to build 20,000 ft per day max,but averaged about 10,000 ft per day.20,000 employees sounds more like it for the Keystone pipeline,considering it stretches all the way to Texas!
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