Stories tagged with oil royalties
The Round-Up: February 2nd 2007
Posted by Stoneleigh on February 2, 2007 - 7:01am in The Oil Drum: Canada
Topic: Site news
Tags: climate change, emissions, environment, income trusts, kyoto, mackenzie river, oil royalties, tilma [list all tags]
Mackenzie Valley more valuable if left undeveloped: study
The Mackenzie River region in the Northwest Territories is worth 10 times more in its natural state than the value industrial development would bring, says a Canadian Boreal Initiative study released in Ottawa on Wednesday.
Entitled The Real Wealth of the Mackenzie Region, the study calculated the region's ecological goods and services to be worth $448 billion if left undisturbed.
In comparison, it estimated the wealth generated by industrial development such as the proposed Mackenzie Valley gas pipeline and related resource extraction to be $41 billion.
The report is the first watershed-based natural capital review ever conducted in Canada.
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