Economic Impacts of Staged Development of Oil Sands Projects in Alberta (2010-2035)
The Canadian Energy Research Institute (CERI) has completed a study of the impact of developing Alberta’s oil sands in a staged manner according to the capacity and in-service date of existing and proposed pipelines.
CERI estimated the amount of capital and operating expenditures that will be required to enable these upstream projects (both existing and proposed). CERI then used a standard economic model to estimate the impact this spending will have on employment and Gross Domestic Product (GDP).
The report shows that in 2010 80,000 U.S. jobs were supported by existing oil sands projects but that without additional pipeline capacity, substantial future benefits will be lost. In particular, Keystone XL pipeline alone could support close to 85,000 U.S. jobs in 2020.
Without any pipeline constraints, oil sands development could support 600,000 U.S. jobs by 2035.
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