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Stock impact report

How new oil pipelines could add $31.4 billion a year to Canada's GDP [Wealth Professional (Canada)]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Canada could add about $31.4bn a year to real GDP by the early 2030s simply by building and filling more oil pipelines, according to a new joint report by Studio.Energy and ATB Economics. The study, The GDP Payoff of Additional Oil Pipeline Capacity, models an extra 1.5 million barrels per day (MMB/d) of oil export capacity coming online between 2027 and 2035. According to the authors, that buildout would lift Canada's real GDP by an average of $31.4bn a year in 2017 dollars over the period, a gain of roughly 1.1 percent relative to a baseline with only existing pipelines and minor expansions. The analysis also finds the plan would support about 112,000 additional jobs a year, with employment peaking at 136,100 during the height of construction. The report treats GDP as a form of economic leverage in a “more competitive and coercive global economic environment.” ATB Economics and Studio.Energy argue that Canada has struggled to raise GDP per person because of weak business Show less Read more
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