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Alberta Oil Sand Analysis

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Oil has become extremely vital in our society, so vital that it has affected developed and developing countries. It is a massive contributor to economic growth as well as environmental destruction. The Alberta Oil Sands has destroyed acres of local ecosystems, but has also achieved and ensured that Canada stays as an economic power. The economical, cultural, and political benefits the oil sands give to Canada makes it an asset they can not function without. The oil sands have been Canada’s major contributor to their economic activity for many years. The oil industry has led to benefits for other industries such as business services, manufacturing, retail, finance and insurance. The impacts of the oil sands economically can also be seen in the national employment rates and statistics. People are immigrating from countries outside of Canada and other regions of Canada to move to Alberta in order to get high-paying jobs from the development of the oil sands. Recently Canada’s cost for oil has increased and oil sands producers are struggling as oil prices begin to plummet, and even the most efficient …show more content…

This project is not only valued by the province, country, and the entire world but it is also valued by Albertans themselves. As of July 2013, there were 114 recorded oil sands projects located in Alberta. This goes to show how big the project is. Employment is a one of the biggest benefits of the oil sands project. In 2012, around 121,500 people were working for Alberta’s upstream energy sector, which includes conventional oil and gas, and mining (Alberta Government). Estimated profit from the projects was around $3.56 billion in 2012-2013 and is still growing. This revenue is used to help fund many public services in Alberta. Within the next 25 years employment on the oil sands is expected to grow to over 500,000 jobs; and is currently affecting the jobs of 112,000 people throughout

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