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Why we're expanding Trans Mountain

Reaching global markets

The Trans Mountain Pipeline expansion project is our chance to foster new relationships in the global market and get a higher price for our oil. All Canadians will benefit from opening up new markets for our energy resources.
Why Expand - override

Canada loses money daily by not entering global markets


Global Markets
It’s been more than 60 years since we last built an oil pipeline to Canada's west coast. We lose money – a lot of money – every day that this pipeline expansion is delayed. That cost to the Canadian economy is estimated at $40 million dollars a day. That’s why increased pipeline capacity to bring oil to markets overseas is needed now. So we can get a higher price for our products to fund the things that matter most to Canadians.

 

Fund what matters
Canadian Dollar

Diversifying energy markets increases revenue


Canadian Investment
If there's only one possible market to buy your products, that market has all the leverage – and you're forced to take the price they offer. Only by diversifying our energy markets beyond the United States can we maximize the return we receive on oil products. Without the Trans Mountain expansion in place, revenue that should be staying in Canada goes south of the border.
Every Canadian has a stake in getting top dollar for our resources. We need to access new markets to make that happen.

 

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the facts


Oil and gas contributes to the Canadian economy


Canada is the seventh largest oil producer in the world. There is no doubt the oil and gas sector adds a lot of value to the Canadian economy. But compared to other areas, exactly how much does our oil and gas sector contribute to the economy? A lot.
A recent article by ATB Financial’s Economics + Research Team, using Statistics Canada data, compares the auto industry to the oil and gas sector. The article points out “that oil and gas extraction is the larger of the two industries. In fact, it’s not even close with oil and gas accounting for $114 billion of Canada’s GDP last year compared to $18 billion generated by the auto sector.”
While that $18 billion is significant, the oil and gas sector is worth over six times more than what the auto sector brings to the table. Meanwhile, “the economic output of the oil and gas sector has been rising in recent years while the growth profile for the auto sector has been relatively flat.”
If we continue to believe that “the auto sector is the lifeblood of the Canadian economy,” that means we’re ignoring the significant contribution oil and gas makes to Canada’s economy – employing more people than the auto sector, creating more jobs and providing more government revenues for our roads, schools and hospitals.
A letter from Rachel Notley
Stability

Canadian leaders show their support