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Canada’s Economy $131 Billion Bigger With Asian Oil Markets
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12-17-2011, 10:43 AM
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Canada’s Economy $131 Billion Bigger With Asian Oil Markets
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Dec. 15 (Bloomberg) -- Pipelines from Canada’s oil sands to the Pacific coast, including Enbridge Inc.’s proposed Northern Gateway route to tap markets in Asia, will raise the price received by producers by $13.60 a barrel by 2030, a university study said.
The extra profit would mean an additional C$131 billion ($127 billion) for Canada’s economy between 2016 and 2030, according to a study by the University of Calgary’s School of Public Policy. It would also add 649,000 person years of employment and generate tax revenue for provincial and federal governments, the report said.
http://www.businessweek.com/news/201...l-markets.html
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