PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

SBE Council Praises Approval of Keystone XL Pipeline: Energy is All About Small Business

By at 24 March, 2017, 12:06 pm

NEWS

FOR IMMEDIATE RELEASE                                         

 

Washington, D.C. – Raymond J. Keating, chief economist for the Small Business & Entrepreneurship Council, praised President Donald Trump’s approval of the Keystone XL pipeline project today, shortly after the State Department issued TransCanada’s permit.  Keating released the following statement:

“President Trump and his administration did the right thing for U.S. investment, small businesses, and jobs by granting a permit for construction for the Keystone XL pipeline. This project should have been approved long ago, but instead it languished for a decade, as the Obama administration eventually denied its approval. Now, this important project can finally move ahead.

“The 1,200 miles of Keystone XL pipeline will transport crude oil from Canada and the U.S. Bakken region that will eventually reach Gulf Coast refineries. Small businesses not only will benefit as energy consumers and in the varied industries that will serve the businesses and workers in key energy sectors, but it must be understood that small businesses overwhelmingly populate those key energy industries. For example, in the oil and gas pipeline and related structures construction sector, 59.2 percent of employer firms have less than 20 workers, and 84 percent have less than 100 employees. That’s small business, and the Keystone XL approval is good news for the entrepreneurial sector of our economy and their hard-working employees.”

Contact: Raymond J. Keating

631-909-1122 or 703-242-5840

Email:  rkeating@sbecouncil.org

SBE Council is a nonpartisan, nonprofit advocacy, research and education organization that works to protect small business and promote entrepreneurship. For nearly 25 years, SBE Council has worked to advance initiatives and policies that strengthen the ecosystem for startups and small business growth. To learn more, visit SBE Council’s website:  www.sbecouncil.org. Follow on Twitter: @SBECouncil.

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