Economic Analysis of the Alberta Oil Sand Development

Abstract

This paper analyzed the development of Alerta's oil sand development. We review the literature in assessing the economic contribution that the oil sands have on the overall economy of Alberta. Further, this paper discusses the effectiveness of current subsidy programs and considers alternatives available. Results found that Alberta receives a small portion of revenue compared with oil revenue in other jurisdictions. In addition, there are a number of negative impacts from oil sand development that need addressing moving forward to assist Albertans in improving quality of life factors.