There is no shortage of news these days about pipelines. Recently, one of the stories making headlines was on the shortage of pipeline capacity in Canada, and how this could potentially cost Canada’s economy $15.6 billion in 2018.
$15.6 BILLION dollars.
That’s $15.6 billion dollars that is not being taxed. That is not having royalties applied to it. And that is not helping to pay for the roads, schools and hospitals in Canada.
Now, many people will read this and think that this is an Alberta problem. But that’s not the case – the oil and gas industry impacts all of Canada. In fact, the oil and gas sector contributed 8% of our GDP and generates $22 billion a year in taxes (2009-2013).
We have done the research on the economic impacts from operation of transmission pipelines in Canada. And that study is available here. If you’re not looking to read the full study, we’ve pulled a summary into an infographic.
And, we’ve written previously about why Canada needs new pipeline capacity to tidewater, outlining seven reasons that additional pipelines are needed, including the fact that world energy demand continues to grow. That infographic is available here.
We know that not everyone agrees with our views or is inclined to believe what we say. And that’s ok. We are open to dialogue, respect different viewpoints, and think that Canadians should continue debating our energy future.
But, if you’re looking for other sources, check out Geoffery Morgan of the Financial Post – he created an informative video on why Canada needs more pipelines, you can see that here http://business.financialpost.com/commodities/energy/fuelled-why-does-canada-need-more-pipelines.
And the Scotiabank report is available at http://www.gbm.scotiabank.com/scpt/gbm/scotiaeconomics63/pipeline_approval_delays_2018-02-20.pdf.
CEPA and our member companies are committed to continuing to safely and responsibly deliver the energy that Canadians use every day. And we are proud of the contributions that our industry makes to the lives of Canadians – directly by delivering energy and indirectly through contributions to Canada’s economy.
If you have questions about any of this information or the transmission pipeline industry in Canada, please ask – you can contact us through the Your Questions section of this site, Twitter, Facebook, or by leaving a comment below.