The purpose of this study is not to criticize the capture rates achieved by the Atlantic Canadian industry to date; but rather, to investigate how to build on the experiences from past projects and enhance the economic benefits for the region as the oil and gas industry evolves and matures. In addition, based upon available secondary sources of information, this analysis provides an assessment of how other offshore oil and gas regions have worked to capture benefits locally and, where possible, it highlights lessons that could be learned from these other jurisdictions. This study also explains the issues pertaining to the methodology surrounding the calculation of capture rates and helps define realistic expectations of capture rates within Newfoundland and Labrador and Nova Scotia as well as how they are constrained by the industrial structure of the province, etc.
Exploring Issues Related to Local Benefit Capture in Atlantic Canada's Oil and Gas Industry (PDF)88 pages/727kb