FORT MCMURRAY, ALTA. - Sending Canadian oil to Asia via the proposed Northern Gateway pipeline will funnel billions of dollars into the national economy and create thousands of jobs, concludes a new study from the Fraser Institute, a Canadian right-libertarian think-tank.
The study, titled Ensuring Canadian Access to Oil Markets in the Asia-Pacific Region and released Tuesday, also argued First Nations communities, who are largely opposed to the proposed $5.5 billion pipeline, would economically benefit from the project.
“The Alberta oilsands present Canadians with a unique nation-building opportunity. As both a country and as individuals, we already have a substantial investment in the oilsands,” said Gerry Angevine, a senior economist with the Fraser Institute and co-author of the report. “We take greater advantage of this resource if we can reduce our reliance on the United States and open new markets for Canadian oil in the Asia-Pacific.”