Building communities
In addition to IOSA's capital expenditures, which to date are estimated to be in excess of $2.5 billion, we invest time and resources in building strong communities. We anticipate injecting a further $7 billion into the North American economy over the next five years. For each barrel of bitumen we produce and sell, we reinvest back into the economic and social fabric of our communities through:
- taxes
- royalties
- infrastructure development
- cultural and community support
- employment
- contracts with small businesses and suppliers.
This investment will have an impact on a wide number of industries throughout Canada and benefit many industries in the United States.
Currently 240,000 jobs in Canada are directly or indirectly linked to the oil sands industry. For each permanent oil sands related job, nine additional direct, indirect and induced jobs are created in Canada.