Loading articles...

Billions in revenue lost without Trans Mountain

Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton on April 6, 2017. Imagine producing a bumper crop of a product in high demand around the globe, only to learn you must settle for a discounted price because there's no easy way to get your product to market. Canadian grain farmers experienced that situation in 2013 and again last winter when their harvest outstripped the transport capacity of Canada's rail companies. Western Canada's oil companies are now in the same boat thanks to production gains that have not been matched by export pipeline capacity gains. THE CANADIAN PRESS/Jonathan Hayward

As a part of its “Keep Canada Working” campaign, the province has come up with a “real-time lost-revenue counter” that shows just how much money we could be missing without the Trans Mountain pipeline expansion.

As of 11 a.m. on Nov. 14, over two months since the Federal Court of Appeal ruled against the pipeline, it’s estimated that we’ve lost $6 billion in revenue. 

The campaign is being used by the provincial government to bring awareness to the importance the Trans Mountain pipeline on the country’s economy.

Based on a report from Scotiabank it’s estimated that the discount on our oil costs producers and our economy as much as $84 million per day.

A release from the province said that the provinces efforts have increased the number of Canadians who want the pipeline built from four in 10 in 2016, to seven in 10.