Energy sector needs to diversify its market
Calgary Herald
Energy sector needs to diversify its market
More on Enbridge Liquid Pipelines president Steve Wuori's speech in Calgary:
Enbridge has proposed its Northern Gateway project between Edmonton and Kitimat -- a $5.5 billion, two parallel pipeline project of 1,900 kilometres -- which would diversify the market to include Asia and the Pacific Rim markets.
Wuori said the project would be a "game-changer" for Canada because of the unlocking of various new markets -- leading to a $2-3 barrel increase in oil, a $270-billion increase in national GDP over 30 years, 63,000 person years of employment during construction, $4.3 billion in labour-related costs and income for people, and about 1,150 long-term jobs once Northern Gateway is in operation.
