Canadian oil sands production is currently generating significant economic benefits for Canada in terms of jobs, economic growth and government revenue, a new IHS CERA Oil Sands Dialogue study finds. The economic contributions of oil sands—currently greater than that of Saskatchewan, Canada’s fifth largest province—will grow substantially in coming years as oil sands production is expected to double by 2025.
The study, Oil Sands Economic Benefits: Today and in the Future, seeks to quantify the economic impact of oil sands. It finds that oil sands production supported more than 478,000 direct, indirect and induced Canadian jobs in 2012 (3 percent of all jobs in the country) and contributed C$ 91 billion of Canadian gross domestic product (GDP).
Chosen excerpts by Job Market Monitor. Read the whole story at Canadian Oil Sands Investment Supports More Than 478,000 Jobs Today; Will Support More Than 753,000 by 2025, IHS Study Finds | IHS Online Pressroom.
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