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Wide-ranging analysis finds negative overall impacts from coal mining in Rockies

CALGARY –


An evaluation from the College of Calgary concludes {that a} coal mine on protected land on the jap slopes of the Rocky Mountains would not be an total profit to Alberta.


A paper from the college’s College of Public Coverage says the general financial, social and environmental impacts of such a improvement could be unfavorable.


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


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


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


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 does not seek advice from any specific coal undertaking, however attracts closely on data introduced on the hearings into the Grassy Mountain proposal, which was lately turned down after hearings by provincial and federal regulators.


This report by The Canadian Press was first revealed Nov. 10, 2021.

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