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Keystone XL/Economic Thumbs Down - 200 Business Leaders Speak Out Against Controversial Energy Project

E2: BUSINESS LEADERS OPPOSE KEYSTONE XL ON ECONOMIC REASONS

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WASHINGTON - March 31, 2014 (Investorideas.com renewable energy stocks newswire) The Keystone XL tar sands pipeline is not in the nation's best interest economically or otherwise, say more than 200 business owners, investors and others from all corners of the country.

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In a letter to the U.S. State Department, members of Environmental Entrepreneurs (E2) call on Secretary John Kerry to reject the pipeline. They cite the 35 permanent jobs promised by the project, in comparison to the economic potential of the clean energy and clean transportation sectors, which announced more than 78,600 jobs last year alone, according to E2's just-released 2013 Clean Energy Works for Us jobs report.

"The pipeline alone would produce nearly $100 billion in costs to our economy over its projected lifespan. These costs will be borne by U.S. citizens, businesses and taxpayers, while the profits from the pipeline will accrue to private corporations many of which are foreign interests" reads the E2 letter.

E2 joins other business groups, such as the American Sustainable Business Council, in opposing the tar sands pipeline because of its negative economic impacts.

Signers of the letter to the State Department include E2 members who represent myriad industries all across the country. The letter can be found here: http://www.e2.org/jsp/controller?docId=33597

Environmental Entrepreneurs (E2) is a non-profit, non-partisan group of business leaders and others who promote sound environmental policies that drive economic growth. Our members, located in every state in the country, have built or financed more than 1,700 companies that have created more than 570,000 jobs, and manage more than $175 billion in venture and private equity capital. For more information, see www.e2.org.

Press contact:

Jeff Benzak, 202-513-6248 jbenzak@e2.org

Bob Keefe, 202-289-2373 or bkeefe@e2.org.

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