Socioeconomic Benefits
Imperial
will continue to utilize and build upon socio-economic information gathered
from other operators and industry associations, such as the Athabasca Regional
Issues Working Group (RIWG), along with input from our own public consultation
process to assess the socio-economic impacts and benefits of this project. We
expect benefits to include:
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Investment of an estimated $5 to 8 billion (2005 $CDN) to develop the Kearl
oil sands project, which will be largely spent in the province of Alberta and
across Canada.
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The peak construction workforce is expected to be 1,700 people.
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The project is committed to supporting local and regional business development
by preferring to use, on a competitive basis, qualified local and regional
materials and services suppliers with high safety and environmental
performance standards. We intend to use the Regional Economic Development Link
(RED Link) to facilitate communication with the local business community for
local contracting opportunities.
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Approximately 1,100 to1,300 permanent jobs, when all three mine trains are in
operation. Imperial will adopt a camp-based operation with a workforce on a
rotating schedule.
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Provincial and federal revenues from corporate taxes and royalties are
expected to be $24 billion (2005 $CDN) over the life of the project.
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A preliminary estimate of property taxes to the Regional Municipality of Wood
Buffalo is $14.5 million per year during peak operations.
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Personal income taxes and induced revenue benefits will provide additional
benefits to the provincial and federal government.
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