The financial concept of real options has important consequences in areas of environmental and natural resources law where irreversible decisions are made in the face of uncertainty. This article argues that consideration of real options is necessary to maximize economic return from...

The question we address is whether mandated disclosure about dispersion of non-financial asset values can provide information relevant to assessing firm risk. Using a sample of Canadian oil and gas (O&G) firms between 2004 and 2011, we find that the difference between the disclosed 10th and 50th...

Over the next decade, more than 600 major resource projects worth approximately $650 billion are planned for Canada. First Nations communities have a unique opportunity to benefit from these developments: every oil and gas project currently proposed in western Canada implicates at least one...

Expanding estimates of North America's supply of accessible shale gas, and more recently, shale oil, have been trumpeted in many circles as the most significant energy resource development since the oil boom in Texas in the late 1920s. How large are these resources? What challenges will need to...

Green technological progress bears a strong potential to alleviate climate change, but its utilization is contingent on factors which are by nature impossible to anticipate or predict. Developing stochastic optimisation models, we explore how the decision to invest in research and development...

Events shape and in turn are shaped by developments in Arctic ocean policy. Nowhere is this truer than of the ever-changing Arctic environment, which is in turn shaping and being shaped by a global demand for secure sources of future oil and natural gas supplies. As the polar ice cap...

'Lifting the Moratorium: The Costs and Benefits of Offshore Oil Drilling in British Columbia' considers the potential for offshore oil operations in B.C. This study combines information from academic papers, government commissioned reports, and government databases in order to estimate the...