Author: Northern Gateway
Dated: 10 August 2012
According to a new study released this week by the Canadian Energy Research Institute (CERI), British Columbia will benefit most from the construction and operation of the Northern Gateway project and is expected to collect more than half of the $8.9 billion the project is expected to add to the Canadian economy over the next 25 years.
This is in stark contrast to claims made recently about B.C. being short-changed on pipeline benefits.
CERI focused their analysis on the construction and operation of the pipeline. This is an important distinction as the debate around the Northern Gateway project has become blurred by wider issues related to oilsands development.
CERI’s analysis found:
An earlier CERI analysis combined the construction and operation benefits with the economic impacts of oilsands development.
Both CERI studies highlight the vital importance of opening new diversified markets through British Columbia for Canadian energy products.