Joel Wood is a senior research economist with the Fraser Institute in Vancouver and author of the forthcoming study Lifting the Moratorium: The Costs and Benefits of Offshore Drilling in British Columbia.
Domestic provincial considerations have complicated the viability of the proposed Northern Gateway pipeline project. One major barrier to the development of the Northern Gateway pipeline is the parochial interests of B.C.'s premier, Christy Clark who has demanded a "fair share" of the benefits from the pipeline. Lifting the moratorium on offshore oil and gas activity on Canada's west coast has the potential to resolve inter-provincial in-fighting over pipelines by ensuring British Columbia is a larger beneficiary of Canada's energy renaissance.
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