Remember back in 2006 when Prime Minister Stephen Harper boasted confidently that Canada was about to become an “energy superpower?”
A February 2014 report by the International Monetary Fund shows that Canada never was and, probably now, never will be. The IMF report is similar to one by the Canadian Energy Research Institute in 2011. It found that 94 per cent of the economic benefits of expanding the oil sands remain in just one province, Alberta.
The picture painted is startling: