Oil Sand Industry In Canada

Oil Sand Industry In Canada

One of the major contributors to both our economy and the environment is the tar sand industry, and yet there are not that many Canadians who are aware of the problems and benefits that this industry brings to our country. Every day we are destroying our nature and environment because of the economy benefits that the oil sands bring to our country. Canada is the parent of one of the major oil sands operations in the whole World. To be more specific, its located mainly in the province of Alberta, and it is started in 1967. Alberta has the third largest oil sand reserves in the world, and there is approximately around 168 billion barrels of oil located under the lands of Alberta (Alberta Energy). Oil sand is a type of dense oil that is mixed ... Show more content on Helpwriting.net ...Everything that is going on in Canada depends on our economy, such as the inflation rates, the unemployment, living expense and etc. Economy is one of the most important factors that affects the lives of people because people's investments, jobs and the quality of their lives depends on the economy. If the economy crashes, lots of people will lose their jobs and the quality of their lives will decrease day by day. Tar sands operation generates a lot of money for Canada and it is one of the main contributors to the economy. The government is getting lots of money from the companies that are in control of these operations. Those companies have to pay a lot of taxes and royalties to the government and beside that they have to pay for leasing the government lands that they are currently using. According to a research that was done by IHS, the government received around the 28 billion dollars from the tax and the royalties that they got from the oil sand companies in 2012. Also IHS indicates that 6% of the federal government income which is around 15 billion dollar is from the tar sand productions. So, The tar sand operations is a good source of income for the government and that means that the Canadian government has lots of more money to spend on the areas that need improving in our country. Since the money that the government receives is spend on the every parts of Canada, it doesn't only affect

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