Douglas Channel, the proposed shipping route for oil tanker ships in the Enbridge Northern Gateway Project, is pictured in an aerial view just south of Kitimat, B.C., on Tuesday January 10, 2012. More research has been released giving credence to B.C.'s argument that it would get far fewer economic benefits from the proposed Enbridge (TSX: ENB) oil pipeline compared to Alberta and Ontario.THE CANADIAN PRESS/Darryl Dyck
July 31, 2012 - 4:15 PM
VANCOUVER - More research has been released giving credence to B.C.'s argument that it would get far fewer economic benefits from the proposed Enbridge (TSX: ENB) oil pipeline compared to Alberta and Ontario.
A report by the Calgary-based Canadian Energy Research Institute concludes the western province where most of the pipeline will be constructed would get $1 billion in tax revenue over 25 years.
That contrasts with the mammoth $73 billion that would flow to Alberta and $4 billion for Ontario.
Premier Christy Clark has vowed to try and block the project should B.C. not have a greater say in how the financial rewards are divided, though her counterpart in Alberta has rebuffed the notion of sharing the money.
The report also suggests that a pipeline expansion proposed by Kinder Morgan also go ahead, Alberta would generate about $552 billion in tax revenues, Ontario would gain $28 billion and B.C. would get $9 billion.
The new analysis builds on other research shored up by B.C. contending it would gain about eight per cent in projected provincial tax revenues in 30 years, while Alberta would get about 40 per cent.
News from © The Canadian Press, 2012