If the overall economic impact of the proposed Kinder Morgan pipeline is negative, how come the NEB approved the project?
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Contrary to the National Energy Board (NEB) report released in May 2016, there is no economic need and for the proposed Kinder Morgan pipeline, and economic benefits do not outweigh economic risks.
- Experts like economist Robyn Allan show that the NEB’s conclusions are faulty, as research was based on a flawed methodology and outdated information (Allan, 2016, pp. 1-2).
- The NEB did not consider the economic interests of all Canadians and refused to assess “the environmental and socio-economic effects associated with upstream activities, the development of oil sands, or the downstream use of the oil transported by the pipeline” (Allan, 2016, p. 6).
- The NEB did not consider the potential negative economic impacts of the proposed pipeline, for example to Canadian refineries, Canada’s rail and resource sectors, as well as the tourism and commercial fishing industries (Allan, 2016, p. 7)