Varcoe: 'One-two punch': Report highlights $31B boon for Canada from new oil pipelines — and production to fill them For a country that has been challenged by tepid productivity levels and is striving to diversify exports beyond the United States, these projects could provide a much-needed tonic |
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Varcoe: 'One-two punch': Report highlights $31B boon for Canada from new oil pipelines — and production to fill them
For a country that has been challenged by tepid productivity levels and is striving to diversify exports beyond the United States, these projects could provide a much-needed tonic
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Why is so much oxygen being spent talking about Alberta’s push for new oil pipelines?
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Well, there are more than 31 billion reasons to consider.
A new joint study by Studio.Energy and ATB Economics concludes that bolstering oil pipeline capacity in Canada could generate a massive bump in investment, increase exports and create more jobs.
By adding 1.5 million barrels per day of additional pipeline capacity out of Western Canada, the country would see annual real gross domestic product (GDP) higher by an estimated $31.4 billion, or 1.1 per cent on average, between 2027 and 2035.
When it........