As I mentioned in my comments, currently oil and gas producers are contributing between $17 billion and $20 billion to provincial and territorial governments in lease payments and royalties and licences. If we increase the output, as we discussed, or as is expected, doubling oil sands and so forth, you have to assume that this is going to increase sharply. In our paper, we quoted the possibility that just the oil sands growth could contribute $50 billion per year in royalties by 2033, compared with the $4.5 billion they contributed in 2011. So an extra $45 billion over the next 20 years in revenues from the oil sands specifically is a real possibility. Again, that would be influenced, as the previous speaker said, by whether or not we're selling the oil at a discount. Clearly, if we were getting the full world market price for the oil, those benefits would be even higher in terms of what Canada would realize in private profits and revenues to the government.
On April 25th, 2013. See this statement in context.