Expanding nation’s pipeline network could bring in billions: report
Posted Dec 15, 2011 3:29 pm.
This article is more than 5 years old.
A new University of Calgary report estimates better market access for Canadian oilsands producers could pump billions into the national economy.
Research conducted by the School of Public Policy at the U of C says oilsands producers are losing money because of a pipeline bottleneck in California, limiting exports to the U.S. Gulf Coast.
The report estimates greater market access would add more than $130-billion to Canada’s Gross Domestic Product between 2016 and 2030.
Prof. Michael Moore, one of the reports authors, says adding pipeline capacity to Canada’s energy network needs to become a national priority.
The report indicates boosting oilsands shipments would also boost government tax receipts by $27-billion and create 649,000 person years of employment.
