The GDP Payoff of Additional Oil Pipeline Capacity

Expanding Canada’s oil export infrastructure by 1.5 million barrels a day — an increase of nearly one-third — could add an average C$31.4 billion to national real GDP each year over the next decade, according to economic research conducted jointly by ATB Economics and Studio.Energy. That represents a 1.1% increase in Canada’s real GDP — a meaningful boost considering this country has struggled to raise GDP per person for more than a decade. The analysis also suggests the buildout would increase employment by 112,000 jobs, on average, over the same period.