The role of any government is to look at ways to maximized the value of its' natural resources development. Canada is one of the world leaders in terms of natural resources reserves, but the past four years the federal government has decided that more tax and regulations are the way to managed natural resources. for Canada.
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2019 Election| Oil Refineries| Canada| June 2019
1. WHY ARE THEIR LACK
OF REFINERIES IN
CANADA β JUNE 2019
BY: PAUL YOUNG CPA, CGA
DATE: JUNE 26, 2019
2. PAUL YOUNG - BIO
β’ CPA, CGA
β’ Academia (PF1, FA4 and MS2)
β’ SME β Risk Management
β’ SME β Close, Consolidate and Reporting
β’ SME β Public Policy
β’ SME β Emerging Technology
β’ SME β Financial Solutions
β’ SME β Business Process Change
β’ SME β Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
β’ # of refineries in Canada
β’ New Alberta Refinery
β’ Canada and USA (Energy)
β’ Cost of Gasoline
β’ Carbon Tax / Refinery
β’ USA Refineries
β’ Canada Refineries
β’ Petroleum Gas
β’ Top 5 Countries / Refining
β’ Whatβs next?
4. EXISTING REFINERIES IN CANADA
β’ http://www.oilsandsmagazine.com/projects/canadian-refineries
βIn late 2017, the Sturgeon Refinery, in Redwater near Edmonton, Alberta produced its first diesel fuel from light crude oil. The refinery is
expected to begin full commercial operation in the summer of 2018. When full capacity is reached it will refine up to 79 000 barrels per day of
diluted bitumen into diesel and other refined products.Footnote 1,Footnote 2
While Canadaβs refining capacity has been constant over the past 3 decades, the number of refineries has decreased from 28 to 17 including the
Sturgeon Refinery.
β
https://www.neb-one.gc.ca/nrg/ntgrtd/mrkt/snpsht/2018/07-01cndsfrstrfnr-eng.html
5. 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
6. CANADA AND USA ENERGY TRADE
β’ https://www.eia.gov/todayinenergy/detail.php?id=30152
13. TOP REFINED COUNTRIES
Source - https://www.nsenergybusiness.com/news/top-countries-oil-refining-capacities/
Country Size Relations
United States https://www.thespec.com/news-
story/8939391-donald-trump-
changes-tune-on-justin-trudeau-a-
good-person-who-s-doing-a-good-
job-/
China https://www.ctvnews.ca/politics/can
ada-china-relations-at-low-point-
and-could-fall-further-analyst-
1.4221011
Russia https://www.theguardian.pe.ca/opin
ion/columnists/srebrnik-trudeaus-
foreign-policy-problems-289062/
India https://www.cbc.ca/news/politics/tru
deau-india-spending-scheer-
1.4829121
Japan https://www.youtube.com/watch?v=
lZ3d1XrXPDo
14. CANADA AND OIL EXPORTS
β’ Justin Trudeau has mentioned numerous times that he wants to shutdown the oil sands -
https://www.cbc.ca/news/thenational/trudeau-s-oilsands-controversy-1.3935951
β’ Natural resources sector including oil account for large trade surpluses -
https://www.slideshare.net/paulyoungcga/2019-election-merchandise-trade-canada-april-2019
β’ Trudeau has said βCanada should be known for its resourcefulness and not its resources. Natural Resources
account for about 11% of GDP - https://www.slideshare.net/paulyoungcga/2019-election-management-of-natural-
resources-canada-june-2019-151973115
β’ Trudeau continues to put up road block after road block when it comes to getting oil to export markets -
https://www.slideshare.net/paulyoungcga/2019-election-oil-and-gas-pipelines-canada-june-2019
β’ Emerging markets want access to Canadian oil - https://www.jwnenergy.com/article/2019/6/canada-limited-
participate-strong-global-outlook-natural-gas-iea/ or https://www.advisor.ca/togo/fixed-income-togo/good-n-bad-
in-emerging-market-debt/
β’ Canada oil is both environmentally and ethically sound compare to other countries -
https://www.slideshare.net/paulyoungcga/2019-election-oil-and-the-environment-canada-june-2019
15. ISSUES WITH REFINERIES
β’ Carbon Taxation β 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&
β’ Power costs to run plants β hydro rates have gone up across Canada as well as parts of USA
β’ No one wants refineries in their backyard
β’ Many refineries are built in areas that areas known for their floods
β’ Access to supply, i.e. rigs, pipelines. Etc.
β’ Excessive regulations - https://www.cbc.ca/news/canada/calgary/bill-c69-c48-reaction-calgary-
industry-oilpatch-legislation-ottawa-1.5185011