Canada stands at an economic crossroads. Amid growing trade tensions with the U.S., our abundant resources could be the key to strengthening our economy – but we must choose.
Choose between developing our energy, forestry, mining, and agriculture resources—all of which are being consumed at new record high levels globally—or succumb to more of the same stagnant and burdensome policies that have seen resource investment dwindle in our country over the past decade.
For me, an Indigenous worker in the energy sector, the best path couldn’t be clearer—and I hope it is for you, too.
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Reflecting on the Importance of Our Natural Resources
Canada has some of the richest reserves of natural resources in the world including oil, natural gas, coal, potash, uranium, iron ore, lumber, nickel, copper, zinc, lead, silver, molybdenum, diamonds, fish, and water. And there’s more too!
As the second-largest country on earth, Canada has the capacity to develop these resources much to the benefit of Canadian and Indigenous communities here at home, but also for buyers worldwide. Our natural resources aren’t limited to traditional fossil fuels; they’re also key to supporting renewable energy initiatives such as wind, solar, liquefied natural gas, and nuclear energy.
Yet ,progress isn’t without challenges. Government delays and project cancellations hinder Canada’s ability to reach its economic potential.
Everyone in Canada should remember that natural resource development supports local families and businesses, especially in remote regions of our vast country. For First Nations in particular, participating in these projects has led to transformative socio-economic improvements, playing a role in lifting these communities out of poverty and creating long-term economic stability.
We should also remember that the economic impact of successful resource development extends beyond direct employment. Money earned in one sector trickles down into other industries, creating jobs and boosting local economies. Governments, both Canadian and Indigenous, also benefit through increased tax revenues which fund infrastructure projects like hospitals, schools, and roads, while supporting long-term, well-paying jobs for community members.
Canadians Need to Make Smart Economic Decisions
So when Canada says “no” to natural resource projects or creates situations where these projects simply cannot proceed due to overbearing regulatory processes or a lack of government support, other countries reap the rewards.
The absence of resource development has hit our economy hard. Over the past decade, more than $670 billion in resource projects have been cancelled or suspended. This shouldn’t be acceptable to any Canadian who wants a strong economy and future for our country. The loss of job opportunities from such investment can sometimes escalate into issues like mental health crises, addictions, and crime, as families struggle to afford basic necessities such as housing and food.
Canada is not like any other country in the world. Our identity is a vibrant tapestry of cultures, religions, ethnicities, and beliefs. From my own experience as an Indigenous person working in the oil sands, I’ve seen people of all backgrounds come together to achieve a shared goal: providing for our families and ensuring Canada's continued financial growth for a stronger economic future.
The Bottom Line
Natural resources are Canada’s “pass-go” card—and we must not squander them. Energy, forestry, mining, and agriculture development creates opportunities for all Canadians, strengthens our economy, and ensures a bright future for generations to come.
Canada has the resources, expertise, and ethics to lead the world. The decision lies with us: will we use it wisely, or let others decide our fate?
About the Author
Estella Petersen is a heavy machinery operator in the oil sands out of Fort McMurray. She is from the Cowessess Reserve and is passionate about Canada and supporting Canadian natural resources.