Northern Gateway Project May Damage Canadian Economy
B. McPherson Economist Robyn Allan has strong words about the economic feasibility of the Enbridge Northern Gateway pipeline project. Allan is quoted in the Calgary Herald this morning: "The emperor has no clothes," Allan said in an interview. "We're told it is a gross producing economic opportunity, but in fact it's an oil price shock to the economy." Allan, a respected economist, once named in the top 200 CEOs in Canada, presented her report to the commission charged with hearings about the project which would ship bitumen (oil sands product) overseas. Her report that the proposed pipeline would have a depressing effect on the Canadian economy is in sharp contrast to the sunny predictions put about by the Canadian PM Steven Harper and his Minister of Natural Resources of many good jobs and wealth to the government coffers. The cards seemed stacked from the start of the hearings into the pipeline project when the Minister of Natural R...