This paper examines Alberta’s record of industrial policy and proposes principles for future innovation-focused provincial policy. I find that the development of the key technology to unlock the majority of the Canadian oilsands — steam-assisted gravity drainage (SAGD) — is an example of...

This paper examines how much carbon emissions from the electricity industry would decrease in response to a carbon price. We show how both carbon prices and cheap natural gas reduce, in a nearly identical manner, the historic cost advantage of coal-fired power plants. The shale revolution has...

This paper examines how much carbon emissions from the electricity industry would decrease in response to a carbon price. We show how both carbon prices and cheap natural gas reduce, in a nearly identical manner, the historic cost advantage of coal-fired power plants. The shale revolution has...