This staff report to the Burnaby's Transportation Committee reviews the science and possible effects of peak oil, and reviews possible actions the City could take to address peak oil both as a government agency and a corporate citizen. Burnaby is a city in the Vancouver, BC metropolitan area.
Read or download the full report.
First page of the report:
TO: CHAIR AND MEMBERS, TRANSPORTATION COMMITTEE
DATE: 2006 January 4
FROM: DIRECTOR PLANNING AND BUILDING
SUBJECT: GLOBAL PEAK IN OIL PRODUCTION: THE MUNICIPAL CONTEXT
PURPOSE: To provide the Committee and Council with a requested overview of the peaking
of global oil production
1. THAT the Committee recommend that Council receive this report for information.
Arising out of a general discussion on 2005 June 22, the Transportation Committee requested a staff report on the issue of peak oil, and its general implications for the City of Burnaby.
The term “peak oil” refers to the point in time at which the global production rate of oil reaches a maximum level, and thereafter declines. Since oil is a finite resource, it must eventually reach such a peak. Some analysts believe that that time is very near. Since the consumption of oil is pervasive in our society, the effects of passing that peak are likely to be significant. Events in 2005 have given an indication of the widespread impacts that a reduction in oil supply may have.