Global Warming Damages and Canadas Oil Sands

Leslie Shiell and Suzanne Loney
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Suzanne Loney: Department of Economics, University of Ottawa

No 0601E, Working Papers from University of Ottawa, Department of Economics

Abstract: The social net benefit of energy investments differs from private profitability by the value of environmental damages, among other things. Estimates of damages associated with greenhouse gas emissions are obtained from the literature, ranging from $15 to $64 ($C 2004) per tonne of carbon. These values are shown to be equivalent to $2 - $8 per barrel of crude oil obtained from Canada’s oil sands, based on emissions intensities of Suncor Energy Inc. It is estimated that taking these costs into account would lower the social net benefit of Suncor’s oil sands production for 2004-2005 by a central value of 18 %.

Keywords: environmental damages; greenhouse gas emissions; oil sands (search for similar items in EconPapers)
JEL-codes: Q5 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2006
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Journal Article: Global Warming Damages and Canada's Oil Sands (2007)
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