Join Len and Carlos in this webinar, as they review the value proposition of the Sturgeon Refinery along with its economic impacts. Webinar Highlights:
- The construction phase will generate 76,000 person years of employment, will increase GDP by $7.9 billion, and will result in a total capital expenditure of $8.6 billion.
- The operating phase (for 30 years’ time) will result in annual expenditures of $2.2 billion, boost GDP by $2.3 billion per year, and generate $385 million per year in government revenues.
- The Sturgeon Refinery takes advantage of long-term supply and tolling commitments to reduce risk. It is financed with 80% debt at rates below 5%.
- The refinery is fitted with carbon capture, with the recovered carbon dioxide sold for enhanced oil recovery projects.
As an Economist with the Industrial Economics Trends group in the Forecast & Analysis division, Carlos is in charge of analysing various industries, with a focus on Canada’s energy industries. Mr. Murillo is also a contributor to the energy sector component of the Canadian national forecast and assists his colleagues across different groups and business units with matters related to energy. Additionally, Carlos assists with custom research projects, as well as business development and cross-unit collaboration initiatives in Western Canada. Carlos has over seven years of experience working on issues related to energy economics, natural resources, fiscal policy, and international trade, amongst others. He holds an MSc in Sustainable Energy Development and a BA with a double major in Economics and International Relations (with a concentration in Applied Energy Economics), both from the University of Calgary.
Len Coad is Research Director, Public Policy for the Conference Board of Canada. Len first joined the Conference Board of Canada in 2006. His duties include managing research projects related to energy and environment themes. Len’s current focus areas include climate change, climate change adaptation, water governance, sustainability, environmental benchmarking, energy policy, and effective regulation. Prior to joining the Conference Board of Canada, Len worked in a variety of research, government and commercial roles in the energy industry. He has extensive experience in energy forecasting, competitor analysis, policy development, and energy modeling. Len has done energy policy studies, regulatory studies, and project evaluations for various regions in North America, as well as internationally. He holds an Honours Degree in Economics and a Masters Degree in Operations Research.
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