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
Date Written: October 22, 2012
'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).
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