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Fuel for Thought: The Economic Benefits of Oil Sands Investment for Canada’s Regions The Conference Board of Canada, 83 pages, October 24, 2012 Report by Alan Arcand , Michael Burt , Todd A. Crawford

Fuel for Thought: The Economic Benefits of Oil Sands Investment for Canada’s Regions

The Conference Board of Canada, 83 pages, October 24, 2012
Report by Alan Arcand , Michael Burt , Todd A. Crawford

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Hundreds of billions are expected to be invested in Canada’s oil sands in the next 25 years. This reports reveals how Canada’s regions will likely benefit from the economic opportunities. Document Highlights Cumulative investment in the development of Canada’s oil sands in the past decade alone has surpassed $100 billion, and hundreds of billions more are expected over the next 25 years. Fuel for Thought: The Economic Benefits of Oil Sands Investment for Canada’s Regions aims to improve our understanding of how Canada’s regions will benefit from the tremendous economic opportunities that oil sands investment presents. It examines the supply chain linkages between Alberta and the rest of the country; the income effects associated with people spending the wages they earn while working on oil sands projects; the fiscal implications for the federal and provincial governments; the effect of income remittances from people who reside outside of Alberta, but who work in the oil sands; and the role of foreign direct investment and international trade in oil sands development. Anecdotes of how existing Canadian companies are working with the oil sands producers are also provided. Résumé Table of Contents Executive Summary Chapter 1—Introduction Chapter 2—The Outlook for Investment in Canada’s Oil Sands Global Oil Demand Global Oil Supply The Outlook for Oil Prices High Prices Drive the Investment Outlook Oil Sands Investment Will Transform Canadian Oil Production Risks to the Investment Outlook Chapter 3—The Supply Chain Implications of Oil Sands Investment for Canada’s Regions Supply Chain Effects by Industry Supply Chain Effects by Region Summary Chapter 4—Tales From the Field: Supply Chain Case Studies LamSar Inc Industrial Contractors Gradek Energy KELTEK Safety Apparel Matrix Solutions Chapter 5—Other Implications of Oil Sands Investment for Canada’s Regions Income Effects Fiscal Implications Income Remittances Chapter 6—The Implications for International Trade and Investment Foreign Direct Investment Exports Opportunities Arising From Oil Sands Investment Canadian Oil Sands-Related Imports Chapter 7—Conclusion Appendix A—Bibliography Appendix B—Data Tables Appendix C—Detailed Methodology for Determining Investment Appendix D—Interview Materials

Hundreds of billions are expected to be invested in Canada’s oil sands in the next 25 years. This reports reveals how Canada’s regions will likely benefit from the economic opportunities.

Document Highlights

Cumulative investment in the development of Canada’s oil sands in the past decade alone has surpassed $100 billion, and hundreds of billions more are expected over the next 25 years.

Fuel for Thought: The Economic Benefits of Oil Sands Investment for Canada’s Regions aims to improve our understanding of how Canada’s regions will benefit from the tremendous economic opportunities that oil sands investment presents. It examines the supply chain linkages between Alberta and the rest of the country; the income effects associated with people spending the wages they earn while working on oil sands projects; the fiscal implications for the federal and provincial governments; the effect of income remittances from people who reside outside of Alberta, but who work in the oil sands; and the role of foreign direct investment and international trade in oil sands development. Anecdotes of how existing Canadian companies are working with the oil sands producers are also provided.