TransCanada Oil-Sands Pipeline May Add 12,000 Jobs, Chief Says

TransCanada Corp.’s 2,000-mile pipeline linking Alberta’s oil sands with Gulf Coast refiners may add at least 12,000 jobs and provide a stable fuel source for the U.S., Chief Executive Officer Russell Girling said.

Efforts to stop the $7 billion Keystone XL project because lawmakers say developing tar sands may release more greenhouse gases than other types of oil production will result in the crude being redirected from the U.S., Girling said.