It's really hard to overstate the financial implications of the pipeline for the Government of Alberta, where every $1 change per barrel in the value of what's produced here translates into about $630 million per year to the Government of Alberta's bottom line. Therefore, if we just take the $9 per barrel reduction in the differential, just for illustration, that's a little over $5 billion in additional resource revenues for the Government of Alberta. That would just be the direct royalty implications, not any kind of the indirect gains through income taxation of a boosted level of economic activity.
On October 2nd, 2024. See this statement in context.