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Canadian Manufacturers and Exporters Applaud Trump Administration's Keystone XL Approval

Published by Marie Morden on January 24, 2017

TORONTO (January 24, 2017) - Canadian Manufactures & Exporters (CME), Canada's leading trade and industry association and the voice of manufacturing and global business in Canada, welcomes the decision today of United States' President Donald Trump to move forward with the Keystone and Dakota pipeline.

"We have long supported the essential need for increased access to foreign markets for Canadian natural resources, especially oil, and this decision moves Keystone XL one step closer to reality and is a critical step in this market access opportunity," stated Mathew Wilson, CME's Senior Vice President.

All of North America will benefit from the building of the Keystone pipeline. A $5.3-billion project making it the largest infrastructure project currently proposed in the United States. The planned pipeline would stretch 2,400 km from Alberta through to the US Gulf Coast refineries.

"Keystone is an enormous opportunity for Canadian manufacturers and offers great opportunities for those companies operating within energy supply chain, " added Wilson. "Not only will it allow for the increase in production and export of Canadian oil to the US, building the pipeline and the increased output will drive demand for Canadian-made products including steel and machinery to chemicals and electrical components. This announcement is a great step forward for both countries and builds on the already announced plans for expanded pipelines within Canada."

About CME
Since 1871, Canadian Manufacturers & Exporters has been helping manufacturers grow at home and thrive around the world. In 2016, CME released Industrie 2030 - a roadmap for doubling Canadian manufacturing activity by 2030. Our focus is to ensure the sector is dynamic, profitable, productive, innovative and growing. We aim to do this by strengthening the labour force, accelerating the adoption of advanced technology, supporting product commercialization, expanding marketplaces and, most importantly, ensuring a globally-competitive business environment. CME is a member-driven association that directly represents more than 2,500 leading companies who account for an estimated 82 per cent of manufacturing output and 90 per cent of Canada's exports.

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For more information, contact:
Marie Morden
Canadian Manufacturers & Exporters
Tel: (613) 355-8819
marie.morden@cme-mec.ca

Found in: Keystone pipeline energy

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