A new paper released yesterday by the University Calgary’s School of Public Policy quantifies the benefits to GDP, job growth and government revenue of more pipeline capacity in Canada.
The authors of the study calculate the potential price differentials, if pipelines are built to maximize the potential production capacity of the oilsands.
The study found that, with better access and new pipeline capacity, oil producers would see more efficient access to international markets, which could add up to $131 billion to Canada’s GDP between 2016 and 2030.
“This amounts to over $27 billion in federal, provincial and municipal tax receipts, along with an estimated 649,000 person-years of employment.”
The authors of the report stated that Alberta, with its robust oil reserves, would be the principal beneficiary, but stressed that “most every single province and territory will realize fiscal and economic gains.”
Jennifer Harrison
@JHarrisonBIV