Publications
Project Pioneer. Preliminary economic evaluation of Project Pioneer’s potential impacts on the Alberta economy: non-confidential report
16th December 2011
Topic(s): Carbon capture use and storage (CCUS), Economics
This report describes a preliminary evaluation of the economic impacts of Project Pioneer on the province of Alberta, completed in 2009 at the inception of the project. The project is expected to generate between CA$2 billion and CA$3 billion in Alberta GDP (depending on future oil prices) over this 14-year period. The increases in Labour Income are expected to be about CA$700 million, and combined provincial and municipal revenues are estimated to grow by between CA$225 million and CA$850 million. The estimated impact on Federal Government revenue is between CA$260 and CA$330 million, while total employment is expected to be approximately 8800 person years.
In this report, TransAlta also estimates the economic impacts that might accrue if the technology and refinements from Project Pioneer are successful and more broadly applied to other sectors.
Pioneer is currently conducting a follow-up economic evaluation through Q1/2011 and Q2/2012. The results of this report will become available on the Institute’s website at a later stage in 2012.
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