In 2015, Canada paid $35 million each day to import foreign oil! That’s a lot of money considering our country’s oil production could largely cover our domestic needs.
$35 million a day, that’s $13 billion a year! Can you imagine forest-rich Canada importing $13 billion worth of timber from overseas every year? It doesn’t make sense, right?
It’s the same with oil.
Canadian oil sent to U.S. while East imports
Today, Western Canada produces nearly 4 million barrels of oil every day. But most of these barrels are exported south of the border while the east imports oil. Why? Because there is no continuous pipeline connecting the west to Québec and the Maritimes.
Canada filling the pockets of foreign oil producers
With no west-to-east pipeline, Canada is forced to import 736,000 barrels of oil every day from countries such as Saudi Arabia, Nigeria, Algeria and Angola.
This means our country is increasingly dependent on Middle Eastern and African countries that have no control on the environmental impact of their oil production instead of relying on our own reserves in Canada – home to some of the strictest environmental laws in the world.
It also means we’re importing oil from the United States – a country that used to be our biggest customer and is now our biggest supplier. This shifted model is not economically sustainable for Canada.
There is a Canadian solution built by Canadians, for Canadians.
One solution: Energy East
Canadians want to choose where their oil comes from!
By choosing Energy East, Canadians are choosing to invest in Canadian oil, Canadian jobs and our economy. That’s $14 billion that will no longer leave the Canadian economy each year. What does $14 billion represent, exactly?
- It’s enough to cover the average annual salary of 20,000 Canadian teachers for 10 consecutive years.
- It would cover the $15-billion Canadian hospitals have accumulated in deferred maintenance costs.
Energy East will make our country energy-independent, and ensure that the billions of dollars currently spent on foreign imports are invested right where they are needed – here in Canada.