Oilsands to bring in $1 trillionPosted on May 31, 2011 Alberta’s oilsands could deliver $67.5 billion a year into provincial government coffers by 2044, says a new report from the Canadian Energy Research Institute released Monday.

And by that time, the total paid over the decades to Alberta will be close to an astounding $1.1 trillion.

In its annual industry update, CERI takes its “realistic scenario” of growth to also estimate that oilsands production will grow from 2.1 million barrels per day in 2015 to 4.8 mbpd by 2030 and 5.1 mbpd by 2042.

But to achieve that, $257 billion will be needed in capital investment to build the facilities.

And by 2044, natural gas requirements will have increased by two to three times the current level.