Canadian American Business Council Supports Acceleration of Keystone XL Pipeline Development

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Mar 21, 2012, 08:29 ET

Announced by President Barack Obama, plans to fast track the southern US-only segment of the pipeline seen as game changer for US-Canada economic relations

WASHINGTON, March 21, 2012 /PRNewswire-USNewswire/ -- Long a priority issue for business leaders in the United States and Canada, the Canadian American Business Council (CABC) today announced its support for President Obama's plan to accelerate the development of the Southern US portion of the Keystone XL Pipeline.

"The development of the Keystone XL Pipeline is something that, we believe, would bring a great deal of prosperity to both the United States and Canada," said Amgad Shehata of UPS and Chairman of the CABC. "Creating a reliable and, most of all, secure, source of energy that is truly North American is something that will help stimulate recovery on both sides of the border. We applaud President Obama for his effort and look forward to the completion of the entire project."

The announcement for support comes on the same day as the CABC released results of a survey of U.S. and Canadian thought leaders finding that support for the Keystone XL Pipeline was among the top priority issues for 2012. In addition, these leaders expressed support for updating energy infrastructure generally in both countries.

To learn more about the CABC's support of this plan, and the survey, please contact Emma Rigby, CABC Executive Director at 202.496.7906 or [email protected]

About the Canadian American Business Council

The CABC is the voice of business in the world's most prosperous relationship. Established in 1987 in Washington, D.C., the Council is a non-profit, non-partisan, issues-oriented organization dedicated to elevating the private sector perspective on issues that affect our two nations. Our members are key business leaders and stakeholders from both sides of the border. The Council's activities include high-level briefings on issues of current concern, assistance with practical trade and policy challenges, significant networking opportunities, and informative seminars.

The CABC Board roster is represented by the American Apparel and Footwear Association, Air Canada, Associated Equipment Distributors, Amgen, Arent Fox, American Gas Association, Bombardier, Borden Ladner Gervais, Campbell Soup Company, Canadian National Railway, Coca-Cola, Deloitte, Dickstein Shapiro, ExxonMobil, Fasken Martineau, Ford Motor Company, International Dairy Foods Association, J.C. Flowers & Co., Lockheed Martin, MTS Allstream, Ontario Media Development Corp, RBC Royal Bank, Research In Motion, Revolution Organics, Spectra Energy, Sutherland, TransCanada, UPS, United Technologies, VHB Engineering.

For more information about the CABC and membership contact:

Emma Rigby, Executive Director, CABC: 202 496 7906; [email protected]; www.canambusco.org

SOURCE Canadian American Business Council