Gateway pipeline will hurt Canada’s economy says report

February 3, 2012

A new report says the Northern Gateway pipeline would boost crude oil prices $2 to $3 per barrel annually over the next 30 years, causing significant damage to consumers, businesses and the Canadian economy.

The economic assessment of the $5.5-billion project by former Insurance Corporation of British Columbia CEO Robyn Allan says the price shock will have “a negative and prolonged impact on the Canadian economy by reducing output, employment labour income and government revenues.”

To download Robyn Allan’s study, click here