It’s hard to fathom just how much a lost investment of $196 billion is. But thanks to a newly released policy brief by Canadian think tank SecondStreet.org, it’s much easier to put that figure into context.
Unfortunately the circumstances under which the report uses comparisons to help us grasp just how much $196 billion is is alarming to say the least. Alarming for all Canadians that is.
After scanning government websites, industry reports and media stories, SecondStreet.org calculated that Canada’s oil and gas and mining sectors lost about $196 billion in investment between March 2014 and March 2019.
That’s in addition to tens of billions in foregone tax revenues and the loss of tens of thousands of jobs across the country.
Did you know that Ontario is a hotbed for mining activity in Canada? The industry is active in all parts of the province in a diverse set of communities including Sudbury, Windsor, Midland, Timmins, Perth, Marathon, North Bay and Attawapiskat to name a few.
The further north you get in Ontario, the more important mining becomes to local economies. In the far north of the province, mineral resource development is especially critical to business and employment opportunities.
As Canada's largest private sector employer of First Nations, the contribution of the mining industry to the well-being and development of remote communities across the country is significant. But secluded municipalities aren't the only ones that benefit from the sector.Read more
Oil, natural gas, minerals, softwood lumber, water... you name it, chances are Canada has it. After all, it is the second largest country in the world with an incredibly diverse array of landscapes and geology from coast-to-coast.
In Canada, natural resources such as oil, potash, uranium and wood are extracted to some of the highest environmental and labour standards in the world. Such operations also bring massive benefits to governments of all levels in all provinces in the form of taxes and royalties.
So, what are the natural resources that Canada has in abundance? Here's a breakdown...Read more
Sometimes it’s almost as if we live on another planet devoid of facts, logic and common sense.
The unbalanced and relentless attack on Alberta’s energy sector which has labelled the oil sands as the harbinger of the apocalypse is a prime example of where some logical thinking and common sense could be of great use.
Environmental groups claim that further development and production from Alberta’s oil sands will send the entire world into oblivion. Meanwhile…Read more
If you follow Canadian politics, there’s a good chance you’ve heard about the controversial Bill C-69. This bill, along with Bill C-48, the Clean Fuel Standards (CFS) and other legislation that’s currently being introduced by the federal government may just sound the death knell for Canada’s natural resource sector if made law.
Like Bill C-48 – the tanker ban legislation which was voted down by the Senate Committee of Transportation – Bill C-69 is so flawed it doesn’t just need amendments, but should be voted down by the Canadian Senate and suffer the same fate as its cousin Bill C-48.
Here’s three major flaws we see with Bill C-69, and why any Canadian who understands how important our our natural resource sector is to our country should be concerned with this dangerous piece of legislation.
- 75+ Quotes & Tweets: Canadians Against Bill C-48 & Bill C-69
- Bill C-48 Ignores Canada’s East Coast + World Tanker Activity [Photos]. Why?