TransCanada's 'Misleading' Keystone XL Job Creation Numbers Targeted in SEC Complaint
By ASHLEY PORTERO
January 27, 2012
TransCanada, the Canadian energy company seeking to construct the proposed Keystone XL pipeline in the U.S., could face an inquiry into whether it deceived investors by inflating the job-creation potential of the highly-disputed pipeline from one of the nation's most well-known environmental advocacy groups.
Greenpeace filed a complaint with the U.S Securities and Exchange Commission Thursday alleging TransCanada made "false or misleading statements" about the project, citing evidence from the company's Canadian filings and the U.S. Department of State to show that the project would create less than 7,000 jobs -- if that -- in the U.S. The company had said as many as 20,000 jobs could be created. The pipeline would extend from the Canadian border to the Gulf of Mexico if fully developed...
For the full article, go to:
http://www.ibtimes.com/articles/288812/20120127/transcanada-keystone-xl-greenpeace-sec-complaint.htm
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