Coal mining in the Rockies would overall negatively impact Alberta: U of C analysis

An evaluation from the College of Calgary concludes {that a} coal mine on protected land on the jap slopes of the Rocky Mountains wouldn’t be an general profit to Alberta.

A paper from the college’s Faculty of Public Coverage says the general financial, social and environmental impacts of such a growth can be adverse.

Jennifer Winter, who teaches economics, says she and her colleagues went past the same old weighing of wages paid and taxes remitted.

She says her group’s paper, launched Wednesday morning, tries to deliver non-monetary components into cost-benefit assessments normally restricted to {dollars} and cents.

Learn extra:
Albertans want overall policy on Rocky Mountain development: coal committee

Winter says the most recent info on coal markets suggests such a mine can be marginally worthwhile and that its job and tax advantages can be small in relation to Alberta’s financial system.

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In the meantime, a mine would displace ranching and tourism, injury water and wildlife, and create a threat that taxpayers would find yourself paying for cleanup.

The paper doesn’t seek advice from any explicit coal challenge, however attracts closely on info offered on the hearings into the Grassy Mountain proposal, which was lately turned down after hearings by provincial and federal regulators.

Learn extra:
Company ‘shocked’ by Ottawa’s decision to block proposed coal mine in southwestern Alberta

— Extra to come back…

© 2021 The Canadian Press

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