Oilsands investment benefits not just in Alberta: report - Macleans.ca
 

Oilsands investment benefits not just in Alberta: report

EDMONTON – The Conference Board of Canada says almost one-third of the economic benefits of oilsands investment in the next 20-plus years will occur outside Alberta.


 

EDMONTON – The Conference Board of Canada says almost one-third of the economic benefits of oilsands investment in the next 20-plus years will occur outside Alberta.

A board report released in Edmonton predicts most of the benefits outside the province will be in Ontario and British Columbia.

The report assesses the impact of an estimated $364 billion in investment on different regions and industry sectors in the country.

It says the cumulative investment in Canada’s oilsands has already surpassed $100 billion in the last decade.

B.C. Premier Christy Clark has said she will not support a pipeline to ship oilsands bitumen to the West Coast unless her province gets more of the economic benefits.


 
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Oilsands investment benefits not just in Alberta: report

  1. Once again, Ms. Clark, if you want the benefits of it, then tax it. Pretty simple, really.

  2. So far the bitumen dollar has destroyed 500,000 export-related jobs, decimated our value-added sector, turned a $26B trade surplus to a $50B trade deficit and slowed productivity growth to its lowest levels in recorded history.

    If Canada wants to remain a developed country with high living standards we are going to have to do much more than dig holes in the ground.

    The best job and business opportunities that create the highest levels of wealth — that all provinces can actually benefit from — come from innovation and productivity growth. While the rest of the world works its way up the value-added chain, Harper drags Canada down it (to ruin…)