Invites you to an

AERE Reading Group seminar

presented by

Lucija Muehlenbachs
(University of Calgary)

Drained Away: Oil Lost from First Nations Reserves

Co-author:
Laurel Wheeler
(University of Alberta & Federal Reserve Bank of Minneapolis)

Wednesday 15 October 2023

12.30pm – 1.30pm

Level 6 Seminar Room (650)

A02 Social Sciences Building

Camperdown Campus
The University of Sydney NSW 2006

 Zoom: 870 3518 7826

We show that efficiency implications from a common pool resource can be linked to equity implications. Many oil pools underlie land on and off First Nations reserves in Western Canada. We find that the shared resources were disproportionately drained away from First Nations reserves by wells drilled adjacent to the reserve. Evidence from a variety of methods suggests drainage contributed to a large drop in production on reserve between 1985 and 2005. We explore the avenues through which First Nations could have been compensated for the lost production and find none were pursued. These results suggest that the current regulatory environment of the oil industry does not address the dual problem of equity and efficiency in the common pool.

 Our full seminar program is available at:
http://sydney.edu.au/arts/economics/research/seminars.shtml

 For further information contact:

AERE Reading Group Seminar Coordinator

Alastair Fraser ||email: alastair.fraser@sydney.edu.au

For all upcoming seminars in School of Economics see Our events and Calendar