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  • Writer's picturePopCan

Lack of pipelines costing us billions

Toronto Sun: 'Because of our lack of pipelines, we can’t get our land-locked oil and natural gas resources to tidewater and from there to international markets.

'For that reason, the vast majority of these resources have to be shipped to the U.S. and sold at enormous discounts.

'This costs the Canadian economy – and federal and provincial governments – billions of dollars in lost revenues every year, in addition to lost opportunities for new investment, because of our lack of pipeline capacity.

'In the context of Russian President Vladimir Putin’s unprovoked invasion of Ukraine, Russia supplies 40% of Europe’s natural gas and 25% of its oil, a constant threat to European energy security.'

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