Fraser Institute Argues the Economic Importance of the Energy Industry

A report released by the right-wing Fraser Institute on May 15 states: “Our examination of Canadian data leads us to conclude that energy use in Canada is not a mere by-product of prosperity, but a limiting factor in growth…policies favouring the abundant availability of energy are important for sustaining strong economic growth, and policies that deliberately limit energy availability will likely have negative macroeconomic consequences.” Read Energy Abundance and Economic Growth at: http://www.fraserinstitute.org/research-news/display.aspx?id=21204. For a critique of the report, see the Broadbent Institute blog by Matthew Patterson of the University of Ottawa, at: http://www.broadbentinstitute.ca/en/blog/economic-freedom-and-politics-environmental-performance.

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