Report says oil projects would offer little payout to B.C.

A new report from the Canadian Energy Research Institute suggests B.C. has little to gain, while Alberta stands to make more than half a trillion dollars in taxes over 25 years if all three proposed major pipeline projects go through, according to The Globe and Mail.

The CERI, which is funded by the the Canadian Association of Petroleum Producers, Canada’s Department of Natural Resources, and Alberta’s Department of Energy, says Alberta would accrue around $551.6-billion in taxes between 2011 and 2035 from the proposed Northern Gateway, Trans Mountain, and the Keystone XL projects.

The proposed Northern Gateway pipeline and Trans Mountain network would run through British Columbia, with oil tankers shipping from its ports, but B.C. would receive just a fraction of what Alberta would get.

B.C. Premier Christy Clark has previously complained that her province would get the brunt of the risk of the Gateway pipeline project with little to gain.

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