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WHY ARE THEIR LACK
OF REFINERIES IN
CANADA – SEPTEMBER
2017
BY: PAUL YOUNG CPA, CGA
DATE: SEPTEMBER 4, 2017
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
EXISTING REFINERIES IN CANADA
• http://www.oilsandsmagazine.com/projects/canadian-refineries
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
CANADA AND USA ENERGY TRADE
• https://www.eia.gov/todayinenergy/detail.php?id=30152
GASOLINE PRICES
Source - http://www.cbc.ca/news/canada/gas-prices-here-s-how-they-determine-what-you-pay-at-the-pump-1.1159639
CARBON TAX / REFINERY
Source - http://www.cbc.ca/news/canada/newfoundland-labrador/refinery-carbon-tax-1.3900923
GAS PRICES SUBSIDIZED AFTER
RESTARTS FROM HURRICANE HARVEY
• https://ca.reuters.com/article/businessNews/idCAKCN1BF03P-OCABS
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.

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Lack of Refineries in Canada

  • 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
  • 6. GASOLINE PRICES Source - http://www.cbc.ca/news/canada/gas-prices-here-s-how-they-determine-what-you-pay-at-the-pump-1.1159639
  • 7. CARBON TAX / REFINERY Source - http://www.cbc.ca/news/canada/newfoundland-labrador/refinery-carbon-tax-1.3900923
  • 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.