Photo: Bruce Forsyth.
February 2021
As he promised in the American general election last year, newly-installed President Joe Biden made good on his promise to cancel the Keystone XL pipeline, an oil pipeline that would have taken Canadian bitumen from Alberta to refineries on the U.S. Gulf coast.
Cancellation of the Keystone XL pipeline shows why Canada needs to build more of our own pipelines to tidewater. Despite what anti-oil activists insist, Canada and the world will still need oil for decades into the future. Maybe some day we will have a more environmentally-friendly alternative to oil, but we aren’t there yet.
The revenue generated from international oil sales will help pay for the social programs that we all love and want maintained.
Even if we were to stop producing and selling our oil, other countries like the Americans and OPEC nations will continue to do so, generating revenue by selling it to countries that aren’t turning their backs on oil, along with maintaining jobs in their jurisdictions and growing their economies.
The Conservative Party of Canada provided this breakdown of major energy projects that have been cancelled since the Liberals took office in 2015. We literally can’t afford to lose another:
- Energy East: $15.1 billion
- Pacific Northwest LNG: $35 billion
- Northern Gateway: $7.9 billion
- Aurora LNG: $28 billion
- Grassy Point LNG: $15 billion
Sources: https://www.ctvnews.ca/politics/are-liberals-to-blame-for-cancelled-energy-projects-1.4083730, https://www.cbc.ca/news/canada/calgary/kenney-trudeau-letter-keystone-xl-1.5883751.
