An Economic and Environmental Assessment of Eastern Canada Crude Oil Imports
Study Released January 24, 2018
Study No. 167
Would displacement of foreign crude oil imports with Canadian crude result in reduction of global CO2 emissions and cost savings for refineries?
Canada is the 5th largest oil producer in the world, yet we continue to import oil.
In the latest CERI study, An Economic and Environmental Assessment of Eastern Canadian Crude Oil Imports, we examine the potential displacement (complete or partial) of eastern Canadian crude oil imports with domestic oil sourced from western and eastern parts of Canada.
Findings are presented using four potential scenarios which compare crude volume, cost and emissions to a base case scenario. All scenarios take into consideration a mix of assumptions regarding the availability of transportation capacity to eastern refineries and the decision-making model of each refinery, be it market or policy-based.