Lifting the Moratorium: The Costs and Benefits of Offshore Oil Drilling in British Columbia

Fraser Institute, 'Studies in Energy Policy', October 2012

59 Pages Posted: 31 Jul 2013

See all articles by Joel Wood

Joel Wood

Thompson Rivers University - School of Business and Economics

Date Written: October 22, 2012

Abstract

'Lifting the Moratorium: The Costs and Benefits of Offshore Oil Drilling in British Columbia' considers the potential for offshore oil operations in B.C. This study combines information from academic papers, government commissioned reports, and government databases in order to estimate the expected net benefits to Canadians from removing the federally imposed moratorium on offshore oil operations on Canada’s west coast. The study not only considers the economic benefits and costs, but also calculates estimates for the potential environmental damages and monetary costs from oil spills, such as lost profits to fisheries and tourism, the cost of cleaning up and containing a spill, and even psychological loss (non-use value).

Keywords: energy

Suggested Citation

Wood, Joel, Lifting the Moratorium: The Costs and Benefits of Offshore Oil Drilling in British Columbia (October 22, 2012). Fraser Institute, 'Studies in Energy Policy', October 2012 . Available at SSRN: https://ssrn.com/abstract=2303917

Joel Wood (Contact Author)

Thompson Rivers University - School of Business and Economics ( email )

900 McGill Road
Kamloops, British Columbia V2C 0C8
Canada

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