University of Calgary: What would new pipelines for Alberta crude mean for Canada?
New paper quantifies massive benefits to GDP, job growth and government revenue of creating more pipeline capacity for Canadian oil
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 12/15/11 -- The current Keystone XL pipeline stalemate has been an impetus for discussion of what Canada could gain from oil market diversification. Yet the complete economic benefits of additional pipelines for Alberta crude have not been accurately measured to date.
A groundbreaking study released today by The School of Public Policy is the first comprehensive analysis of what greater access to new and existing refining markets would mean for Canada. The authors calculate potential price differentials available to Canadian producers if pipelines existed to maximize the potential production capacity of the oil sands.
"With better access and new pipeline capacity, oil producers will see more efficient access to international markets, which can add up to $131 billion to Canada's GDP between 2016 and 2030," the authors write. "This amounts to over $27 billion in federal, provincial and municipal tax receipts, along with an estimated 649,000 person-years of employment."
Not surprisingly, Alberta, with its robust oil reserves, will be the principal beneficiary, but the authors stress that "most every single province and territory will realize fiscal and economic gains."
"These are impressive figures," concluded co-author Michal Moore today. "The rewards of additional pipelines for all of Canada are too great to ignore. Pipelines must be a national priority."
The paper can be found at by clicking on Research & Publications.
The University of Calgary is a leading Canadian university located in the nation's most enterprising city. The university has a clear strategic direction - "Eyes High" - to become one of Canada's top five research universities by 2016, grounded in innovative learning and teaching and fully integrated with the community of Calgary. For more information, visit ucalgary.ca.
Looking for a University of Calgary expert for a story? Try our Experts Online:
Stay up to date with University of Calgary news headlines on Twitter (at)UCalgary
Contacts:
Morten Paulsen
403.399.3377
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2011 - 17:30 Uhr
Sprache: Deutsch
News-ID 97636
Anzahl Zeichen: 2854
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Non Profits
Diese Pressemitteilung wurde bisher 228 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"University of Calgary: What would new pipelines for Alberta crude mean for Canada?"
steht unter der journalistisch-redaktionellen Verantwortung von
University of Calgary (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
