Story perspectives

Oil Pipeline Expansion Could Boost Canada's GDP by $31.4 Billion

3/21/2026

Summary

Story summary

The ATB Financial study projects expanding oil pipelines could raise Canada's GDP by $31.4 billion over the next decade and boost oil production by 1.5 million barrels per day.
The expansion could generate 112,000 jobs, peaking at 136,100 during construction.
Alberta Premier Danielle Smith urged a West Coast pipeline to counter energy-market disruption caused by the Iran war.
The project would require $41 billion in investment, plus costs for oil production.

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Story summary

The ATB Financial study projects expanding oil pipelines could raise Canada's GDP by $31.4 billion over the next decade and boost oil production by 1.5 million barrels per day.
The expansion could generate 112,000 jobs, peaking at 136,100 during construction.
Alberta Premier Danielle Smith urged a West Coast pipeline to counter energy-market disruption caused by the Iran war.
The project would require $41 billion in investment, plus costs for oil production.