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January 28 2012

02:40

Greenpeace Calls On SEC To Investigate TransCanada’s Inflated Jobs Claims

Greenpeace USA President Phil Radford sent a formal complaint this week to the Securities and Exchange Commission (SEC) calling for an investigation into TransCanada’s use of wildly inflated jobs figures in promoting its application to build the Keystone XL tar sands pipeline. The letter asks the SEC to review the false and misleading claims made by TransCanada on a number of matters related to the pipeline.

Although President Obama rejected the company’s first proposal to build the Keystone XL tar sands pipeline, industry-friendly Republicans continue to push for its construction, often citing vastly inflated jobs figures. The Perryman Report commissioned by TransCanada is the source of much of the bogus pipeline jobs information. 

Despite the fact that the State Department and independent reviews definitively debunked the claims to “20,000 jobs” and even “hundreds of thousands of jobs” tied to the Keystone XL project, the lie lives on like a zombie, parroted by the echo chamber led by the U.S. Chamber of Commerce, API’s Jack Gerard, and of course Mitt Romney and the GOP.

This lie must be stopped or it will continue to contaminate the public discourse.


The Greenpeace SEC letter [PDF] states:

Specifically, TRP has asserted that each mile of KXL pipeline constructed in the U.S. would create American jobs at a rate that is 67 times higher than job creation totals given by the company to Canadian officials for the Canadian portion of the pipeline.

These false and misleading job creation numbers are part of TRP’s lobbying and public relations campaign designed to create congressional pressure on the U.S. government to issue a Presidential Permit approving construction of KXL. Without government approval, TRP will not be able to build KXL, which will significantly impact the company’s future earnings and share price. That government approval was thrown into serious doubt last week when President Obama rejected the current KXL pipeline proposal at the State Department’s recommendation.


As Brad Johnson says over on ThinkProgress, “It may be legal to lie to the American public, but it is an actionable offense to deceive shareholders under U.S. securities disclosure laws.”

Media Matters has compiled excellent one-pagers to correct the misinformation on Keystone XL, including the jobs myths, KXL and Keystone: The Next Round.

Download the Greenpeace SEC complaint:

AttachmentSize GP-SEC-TransCanada-letter.pdf194.73 KB

January 23 2012

02:15

American Petroleum Institute's Jack Gerard Fact Checked By Activists During Speech

Guest post by Connor Gibson, cross-posted from Polluterwatch.

Two days ago, President Obama denied the permit for the destructive Keystone XL tar sands pipeline, much to the dismay of Big Oil's top lobbyist and propagandist. Speaking at the National Press Club to an audience dominated by oil, coal and nuclear representatives and lobbyists, American Petroleum Institute (API) president Jack Gerard continued to lash out at President Obama over the pipeline decision. However, activists attending their event fact checked Jack's big oil talking points.

Shortly after asking the president, "what are you thinking?!" a group of activists stood and delivered a call-and-response "fact check" over Gerard's speech — see the full Fact Check video. After the event, PolluterWatch's Connor Gibson approached Jack Gerard on camera and repeatedly asked him how much the American Petroleum Institute (API) is spending on its new "Vote 4 Energy" advertising campaign (which, as Mr. Gerard has absurdly claimed, is "not an advertising campaign"). Jack refused to answer:

Vote 4 Energy, which was mocked by a parody commercial during its public release, is the American Petroleum Institute's newest money dump to pretend that most Americans support politicians who represent Big Oil more than their own constituents. Wrapping its talking points in patriotic rhetoric, API's real intent is to continue getting billions of taxpayer dollars each year to corporations like ExxonMobil, Shell and Chevron, which rank among the most profitable companies in the world


Vote 4 Energy sets the stage for API to push its key priorities—unlimited offshore drilling, including in the Arctic, hydraulic fracturing for gas, pushing the rejected Keystone XL tar sands pipeline, and keeping those massive taxpayer subsidies
 
On E&E TV yesterday, Jack Gerard was asked to address the fact that Keystone XL serves as a tool to export large amounts of Canadian tar sands to foreign markets after pumping it across the US. Rather than being able to echo API's dishonest claims of "energy security" through increased access to Canadian oil, Gerard was forced to acknowledge that Keystone XL could be used to boost foreign exports.
 
Despite a rocky week and an advertising campaign mocked by the spoof Vote 4 Energy commercial, Jack Gerard will continue working to increase Big Oil's influence on our election. Numerous API advertisements are airing across the country and API is holding "Energy Forums" in key states, peddling their energy lies to American voters. What voters should keep in mind is that Big Oil's Vote 4 Energy advertising campaign is really about a Vote 4 Big Oil.

 

Guest post by Connor Gibson, cross-posted from Polluterwatch

January 20 2012

02:37

To Infinity and Beyond: Media Matters Exposes Echo Chamber On Bogus Keystone XL Jobs Claims

Media Matters for America produced this spot-on video to highlight the manner in which the totally bogus Keystone XL jobs figures were echoed and inflated by Fox News and other media.  

Media Matters notes: Their job figures rely on industry-funded studies, and at times even grossly exaggerate those estimates. Watch as they struggle to get on the same page regarding which inflated estimate to use:

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