1. WHY ARE THEIR LACK
OF REFINERIES IN
CANADA – SEPTEMBER
2017
BY: PAUL YOUNG CPA, CGA
DATE: SEPTEMBER 4, 2017
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. EXISTING REFINERIES IN CANADA
• http://www.oilsandsmagazine.com/projects/canadian-refineries
4. NEW REFINERY ALBERTA
Source - http://business.financialpost.com/commodities/energy/canada-will-be-
opening-its-first-new-refinery-since-1984-in-the-middle-of-a-glutted-fuel-market
5. CANADA AND USA ENERGY TRADE
• https://www.eia.gov/todayinenergy/detail.php?id=30152
8. GAS PRICES SUBSIDIZED AFTER
RESTARTS FROM HURRICANE HARVEY
• https://ca.reuters.com/article/businessNews/idCAKCN1BF03P-OCABS
9. ISSUES WITH REFINERIES
• Carbon Taxation – Canada is moving forward with either price for carbon or
carbon tax - https://beta.theglobeandmail.com/news/politics/liberals-to-set-
carbon-price-at-10-a-tonne-in-2018-rising-to-50-by-
2022/article32206937/?ref=http://www.theglobeandmail.com&
• Power costs to run plants – hydro rates have gone up across Canada as well as
parts of USA
• No one wants refineries in their backyard
• Many refineries are built in areas that areas known for their floods
• Access to supply, i.e. rigs, pipelines. Etc.