The Canadian Energy Research Institute (CERI) recently published a study on the economic impact of oil sands development in Canada for the next 25 years.
Perhaps the biggest highlight is the projected $3.9 trillion that oil sands investment and operating revenues will add to the Canadian economy.
Other highlights include:
- Production levels expected to reach 5.2 million BPD by 2030
- Oil sands related jobs in Canada forecasted to reach 802,000 by 2028
- Cumulative royalties expected to exceed $600 billion over the next 25 years
You can read the full report titled “Canadian Economic Impacts of New and Existing Oil Sands Development in Alberta” on CERI’s website