TransCanada Corporation Monday announced it has safely delivered the one billionth barrel of Canadian and
US crude oil on the Keystone Pipeline System, contributing to
US energy security and generating, to date, close to
US$200 million in property taxes for schools, roads, hospitals and more than 14,000 construction jobs for the 11 states and provinces it crosses.
The Keystone Pipeline System is one of the most extensive crude oil pipeline systems in
North America, currently delivering to refineries at Wood River and Patoka, Illinois, Cushing, Oklahoma and Port Arthur, Texas.
"This is tangible evidence of how the safe delivery of Canadian and
US crude oil is helping to fuel the everyday lives of the American people in the safest, most efficient and least greenhouse gas intensive way possible," said Russ Girling, TransCanada's president and chief executive officer. "To put this achievement in perspective, it would take approximately 1.7 million train cars or 3.3 million trucks to transport one billion barrels of crude oil.
"These one billion barrels of oil have helped to fuel North American energy independence and the
US economic recovery, which has seen a dramatic rise in the number of oil and gas jobs as well as an increase in supply through a mix of Canadian imported and domestic production," added Girling.
This month marks the five-year anniversary of the official start of crude oil deliveries for the 2,639-mile (4,247-kilometre) cross-border Keystone pipeline from Hardisty, Alberta to markets in the American Midwest and in 2014 to the
US Gulf Coast. The project was granted a Presidential Permit in just under two years.
"Identical to Keystone, Keystone XL will reduce GHG emissions and improve public safety by transporting crude oil via pipeline versus rail. Keystone XL will also create tens of thousands of jobs, and oil imported from Venezuela and the Middle East would be replaced with American and Canadian oil," concluded Girling.