To Canada How? Alberta's oil sands has a very large connection to Canada's economy, from provides jobs for 514,000 people across Canada and this was expected to grow to over 800,000 jobs in 2028. But with the latest dropping of oil prices and thousands of people being laid off, and more are sure to come, that number is going to drop drastically.
The oil sands has supplied about 168 billion barrels of crude oil in Canada and the world, Canada is now the third largest oil supplier. About 121,500 Albertan's are employed in Alberta's mining and oil and gas extraction sectors. Alberta is a oil province so most people work in this area of trades, we also bring many more people here from around Canada and the world. Every direct job generated in the Alberta oil sands, 1 additional job is generated by indirect association and 1.5 jobs by induced association, in Canada. The jobs in the oil sands that are for out of province workers-mainly from Atlantic Canada-have caused a significant drop in unemployment in their home provinces and a flow of money back home. |
Oil sands production is forecasted to grow from the current level of 1.98 million barrels per day, to 5.2 million barrels per day by 2030.
Total GDP impacts of all oil sands investment, re-investment is estimated to be $3,865 billion for Canada. The Alberta's oil sands underlie 142,200 square kilometers of land in the Athabasca, Cold Lake and Peace River areas in northern Alberta. |