Oil Pipelines to Drive Canada Economy Like 1880s Railroad

Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. Chief Executive Officer Al Monaco said.

“Pipelines are very similar to railroads,” Monaco said yesterday at the Bloomberg Canada Economic Summit in Toronto. “When you really get down to it, Canada is an export-driven resource economy. This is our foundation.”