Quebec''s economy benefits from Canada''s oil sands: study
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 06/27/17 -- Economic analysis shows that Canada''s oil sands generate significant economic benefits for Quebecers, including 16,200 jobs, $1.25 billion in GDP and $215 million in government revenues, according to an independent study prepared by AppEco titled Les retombees economiques au Quebec de l''exploitation des sables bitumineux du Canada.
The study found Canada''s oil sands had a substantial impact on Quebec''s economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.
A total of 371 Quebec companies earned $1.2 billion in business contracts, of which more than $585 million were awarded to companies located on the Island of Montreal, $402 million in the North and South shores of Montreal, $33 million in the Greater Quebec Area and $210 million elsewhere in Quebec. These investments were mainly awarded in the transport, machinery manufacturing and retail trade sectors.
Furthermore, about 16,200 jobs were created or maintained by Canadian oil sands producers'' expenditures in Quebec, including more than 7,500 jobs on the Island of Montreal.
Expenditures also added $1.25 billion (1.5 per cent) to Quebec''s GDP, including $557 million in direct GDP.
The portion of revenues for the Government of Quebec totaled $215 million.
Quebec suppliers are also contributing significant advances in oil sands innovation and technology as referenced in the case study of GHGSat, a Montreal-based aerospace company that helps the oil sands sector monitor and cut greenhouse gases emissions.
The Canadian Association of Petroleum Producers quotes: Jeff Gaulin - vice president of communications
Supporting Information:
The Canadian Association of Petroleum Producers (CAPP) represents companies, large and small, that explore for, develop and produce natural gas and crude oil throughout Canada. CAPP''s member companies produce about 80 per cent of Canada''s natural gas and crude oil. CAPP''s associate members provide a wide range of services that support the upstream crude oil and natural gas industry. Together CAPP''s members and associate members are an important part of a national industry with revenues from crude oil and natural gas production of about $120 billion a year. CAPP''s mission, on behalf of the Canadian upstream crude oil and natural gas industry, is to advocate for and enable economic competitiveness and safe, environmentally and socially responsible performance.
Contacts:
Elisabeth Besson
Advisor, media relations
Canadian Association of Petroleum Producers
(P): (403) 267 1179 or ©: (403) 465 2548
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Datum: 27.06.2017 - 08:17 Uhr
Sprache: Deutsch
News-ID 1511192
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