By Matt Collette | Northeastern News | October 10, 2012
A 750-mile pipeline across Canada cuts through First Nation lands and pristine environments to bring oil-rich tar sands to a new terminal on the Pacific Ocean. The company behind the project, the Calgary, Alberta-based Enbridge Inc., argues that the pipeline will create thousands of jobs and an influx of cash from the Asian companies that will buy and process the tar sands.
But the economic analysis presented to the Canadian government does not account for the pipeline’s environmental impact, including the potential for a spill, said Matthias Ruth, a Northeastern professor with dual appointments in the College of Engineering and the School of Public Policy and Urban Affairs.
Ruth is at the forefront of the emerging field of environmental economics, which focuses on developing methods to account for unquantifiable environmental contributions to the economy. Read More