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 scenario where Canada had built the Northern Gateway, Energy East, and Keystone XL pipelines would have added approximately 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, making it easier to balance the budget.
That reality would have added about 2.5 million barrels of oil a day in pipeline export capacity.
Author's summary: Pipeline construction can boost Canada's economy.
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