Article today from the Fraser Institute on potential impact of NDP Climate Change Plan.
How Alberta's Carbon Emission Cap Will Reduce Oil Sands Growth
Quote:
- Based on estimates of future production, this policy has the potential to constrain future oil sands production. In a scenario based on current emissions intensity levels, the policy could reduce cumulative production between 2025 and 2040 by 3.34 billion barrels of oil. In a scenario where the emissions intensity of oil sands production is reduced, the policy could result in cumulative production losses between 2027 and 2040 totaling 2.03 billion barrels of oil.
- The cumulative value of the lost production could be large, totaling CA$254.74 billion (in 2015 dollars) in a scenario based on current emissions intensity levels. In a scenario where the emissions intensity of oil sands production is reduced, the cumulative lost value could be CA$153.41 billion (in 2015 dollars).
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https://www.fraserinstitute.org/stud...l-sands-growth