An Economic and Environmental Analysis of Oil Sands Development Projects

Abstract

This paper explores the recent expansion of oil production in the tar sands of Alberta, Canada. The purpose of this paper is to evaluate the oil sands development projects in terms of economic and environmental impacts. This paper considers available studies and data, and acknowledges the need for peer-reviewed studies concerning environmental impacts of oil sands' development. This study provides guidance to policy makers and stakeholders in Alberta's oil sand development projects. It is hoped that greater balance between environmental protection and economic growth be realized. The economic impacts of tar sand developments need to include qualitative measures rather than Rely solely quantitative considerations.