Risk, Sustainability and Oil Sands

I was recently invited to to give a talk on risk and sustainability at the CSPG-AAPG Oil Sands and Heavy Oil Symposium: A Local to Global Multidisciplinary Collaboration. The symposium is being jointly sponsored by the Canadian Society of Petroleum Geologists (CSPG) and the American Association of Petroleum Geologists (AAPG), the two predominant petroleum geology organizations in North America. It will be held in Calgary at the Metropolitan Centre on October 14-16, 2014.

According to the organizers, the conference is expected to attract 500 geologists from Canada and the U.S., plus representatives from other heavy oil producers in China, Venezuela, and Russia. The topics of discussion will include the international nature of oil sands and heavy oil resources, the geology and characterization of producing deposits, technological advances, and sustainability.

My talk will be part of a session on regulatory and sustainability issues, being co-chaired by Kevin Parks and Travis Hurst. I’ll be speaking on work that I have been doing with Michael Lounsbury, Lianne Lefsrud, and Chang Lu that looks at multiple perspectives on risk, with a particular emphasis on cross cultural understandings of risk. Our analysis finds that technical, financial and perceptual understandings of risk are seldom sufficient to explain how societies decide what is risky, what is safe, and whether and how to proceed.

Update: A copy of my presentation is below. Additionally, a short companion paper is available through SSRN.

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