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 built the Northern Gateway, Energy East, and Keystone XL pipelines would have added approximately 2.5 million barrels of oil per day in pipeline export capacity.
This would generate $55 billion in revenue, equivalent to over 1% of Canada's gross domestic product (GDP) annually, at current prices.
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: Building pipelines simplifies budget balancing.