Study
| EST. READ TIME 1 MIN.Lifting the Moratorium: The costs and benefits of offshore oil drilling in British Columbia
Lifting the Moratorium: The costs and benefits of offshore oil drilling in British Columbia considers the potential for offshore oil operations in BC. This study combines information from academic papers, government commissioned reports, and government databases in order to estimate the expected net benefits to Canadians from removing the federally imposed moratorium on offshore oil operations on Canada's west coast. The study not only considers the economic benefits and costs, but also calculates estimates for the potential environmental damages and monetary costs from oil spills, such as lost profits to fisheries and tourism, the cost of cleaning up and containing a spill, and even psychological loss (nonuse value).
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Joel Wood
Associate Professor of Economics, Thompson Rivers UniversityJoel Wood, Senior Fellow of the Fraser Institute, is an Associate Professor of Economics at Thompson Rivers University and theformer Associate Director of Environment and Risk and Regulation Policy at the Fraser Institute. He has a Masters degree in Economics and a Ph.D. in Economics from the University of Guelph, under the supervision of Ross McKitrick. Wood completed his undergraduate studies in Economics at the University of British Columbia. His areas of research interest include environmental economics, energy economics, natural resource economics, applied econometrics, applied microeconomics, and public policy.… Read more