Danielle Smith: Balancing the Budget with Pipelines
As part of the Financial Post's Red Ink series, Danielle Smith discusses the benefits of unlocking Canada's energy potential.
A hypothetical scenario where Canada built the Northern Gateway, Energy East, and Keystone XL pipelines would have added 2.5 million barrels of oil a day in pipeline export capacity.
This would generate $55 billion in revenues, equivalent to more than one per cent of Canada's gross domestic product (GDP) annually.
There’s an alternate reality where Canada — rather than engaging in economic self-destruction — had built the Northern Gateway, Energy East and Keystone XL pipelines.
Author's summary: Pipeline construction can boost Canada's economy.
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