Background Paper on Keystone XL Pipeline Project

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Background

The State Department is responsible for issuing “presidential permits” for cross-border pipelines. In the past, such as the case with Enbridge’s Alberta Clipper pipeline, permits have been granted with little or no controversy. National oil sands opponents, however, are pressuring the State Department to oppose the proposed Keystone XL pipeline, and are leveraging local and regional residents along its intended route to oppose the project based on unrelated issues such as eminent domain and potential impact to aquifers.

Potential Impact of Regulation

The Keystone XL pipeline would ensure a safe and reliable supply of Canadian crude to U.S. refineries in the Gulf region – critical for ensuring U.S. energy security. Currently, only refineries in the Midwest and Rocky Mountain regions rely heavily on Canadian crude. The United States should resist policies that arbitrarily limit any economic supply sources (particularly secure North American sources) to the detriment of our energy supply and security, and our global economic competitiveness. Measures restricting the use of oil sands products would not likely limit oil sands production (and corresponding emissions), but simply cause such output to be diverted to more distant markets, with potentially even greater overall emissions.

Action Needed

The State Department should expeditiously approve the presidential permit to allow the Keystone XL pipeline project to move forward.

Please note: This document is current only as of the date listed above.

Date	Title	Description
04/24/2012	Permitting Jobs and Business Investment	The CEOs of Business Roundtable believe that it is time to simplify, streamline and accelerate America’s permitting process with the goal of encouraging large-scale capital investments in the U.S. economy while maintaining the nation’s commitments to health, safety and soundness. With this goal in mind, this report identifies key challenges associated with the existing regulatory permitting system and sets forth a series of recommended reforms.
04/18/2012	Business Roundtable Position on U.S. Housing Policy: Principles for Reform	For every new house built in the United States, three new full-time jobs are created.[1] The sooner U.S. housing starts return to the historical average of 1.2 million per year, the sooner we realize the creation of 1.5 million new full-time jobs in construction, manufacturing, and related supply chains.
04/18/2012	Create, Grow, Sustain 2012 Report	Business Roundtable’s 2012 Sustainability Report — Create, Grow, Sustain — now in its fifth year, features narratives from 126 CEOs on how their companies are leading the way with solutions to make the U.S. economy more sustainable while also driving economic growth and job creation. From sustainable supply chain and water management to energy efficiency and the use of cutting-edge technology, sustainable business practices are ingrained into the fabric of each featured company’s business practices.
04/02/2012	Marching Toward Madness	In 1986, the U.S. slashed its corporate tax rates in order to be more competitive. Since then, other countries have followed suit – leaving us behind. Higher tax rates make American companies less competitive, discourage foreign investment in the U.S. and stifle job growth. In addition, many of the rules for taxing the income American businesses earn abroad date back to the 1960s, and are completely out of sync with the way our leading competitors in Europe and Asia tax their companies. Once again, this puts U.S. companies and workers at a competitive disadvantage.
03/28/2012	CEO Economic Outlook Survey Comparison of Results: 2011Q1 - 2012Q1	Business Roundtable's CEO Economic Outlook Survey, conducted quarterly since the fourth quarter of 2002, provides a forward-looking view of the economic outlook of Business Roundtable member CEOs.
1 2 3 > Last »

Date

Title

Description

04/24/2012

Permitting Jobs and Business Investment

The CEOs of Business Roundtable believe that it is time to simplify, streamline and accelerate America’s permitting process with the goal of encouraging large-scale capital investments in the U.S. economy while maintaining the nation’s commitments to health, safety and soundness. With this goal in mind, this report identifies key challenges associated with the existing regulatory permitting system and sets forth a series of recommended reforms.

04/18/2012

Business Roundtable Position on U.S. Housing Policy: Principles for Reform

For every new house built in the United States, three new full-time jobs are created.[1] The sooner U.S. housing starts return to the historical average of 1.2 million per year, the sooner we realize the creation of 1.5 million new full-time jobs in construction, manufacturing, and related supply chains.

04/18/2012

Create, Grow, Sustain 2012 Report

Business Roundtable’s 2012 Sustainability Report — Create, Grow, Sustain — now in its fifth year, features narratives from 126 CEOs on how their companies are leading the way with solutions to make the U.S. economy more sustainable while also driving economic growth and job creation. From sustainable supply chain and water management to energy efficiency and the use of cutting-edge technology, sustainable business practices are ingrained into the fabric of each featured company’s business practices.

04/02/2012

Marching Toward Madness

In 1986, the U.S. slashed its corporate tax rates in order to be more competitive. Since then, other countries have followed suit – leaving us behind. Higher tax rates make American companies less competitive, discourage foreign investment in the U.S. and stifle job growth. In addition, many of the rules for taxing the income American businesses earn abroad date back to the 1960s, and are completely out of sync with the way our leading competitors in Europe and Asia tax their companies. Once again, this puts U.S. companies and workers at a competitive disadvantage.

03/28/2012

CEO Economic Outlook Survey Comparison of Results: 2011Q1 - 2012Q1

Business Roundtable's CEO Economic Outlook Survey, conducted quarterly since the fourth quarter of 2002, provides a forward-looking view of the economic outlook of Business Roundtable member CEOs.

1 2 3 > Last »

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