Bloomberg reports on this new ad by Tom Steyer:
Billionaire investor Tom Steyer said he is backing a four-part, $1 million advertising campaign aimed at convincing viewers the Keystone XL pipeline will hurt the economy and communities and should be blocked.
The first commercial, airing today, features Steyer in Port Arthur, Texas, saying much of the oil to be shipped from Alberta to refineries along the U.S. Gulf Coast would end up being exported.
The bottom line with Keystone XL, according to one of the only independent analyses carried out, is that "construction of KXL will create far fewer jobs in the US than its proponents have claimed and may actually destroy more jobs than it generates." As if that's not bad enough, that study - by Cornell University researchers - also finds "consumers in the Midwest paying 10 to 20 cents more per gallon of gasoline and diesel fuel" with Keystone XL, as well as "pipeline spills, pollution and increased greenhouse gas emissions incur significant human health and economic costs." What about this project would be positive for the United States? Got us.