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Philip Cross: Not enough Canadians know how important the oilsands are

They not only create wealth and jobs but are a stellar example of innovation by Canadian companies

Author of the article: Philip Cross Publishing date: Apr 30, 2021 • April 30, 2021

Employees at the Cenovus Christina Lake oilsands facility, located south of Fort McMurray, walk past steam generators as they begin their shift.PHOTO BY VINCENT MCDERMOTT/FORT MCMURRAY TODAY/POSTMEDIA NETWORK

The Macdonald-Laurier Institute has just released a paper of mine on the oilsands and Canada’s economy. Many Canadians outside the prairie provinces have trouble understanding — or accepting — that Alberta’s oilsands are still enormously important to our economy. The $8.3 billion of new investment in the oilsands last year represented 4.5 per cent of all Canada’s business investment in 2020 and was four times the capital spending undertaken by the auto manufacturers whom eastern-Canadian politicians continue to lionize and subsidize.

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