Natural Resources Are the Foundation of Our Economy.
Canadians Cannot Afford to Miss Out on Natural Resource Development.
-----------------------
#1 - Natural Resources Form the Bedrock of Canada's Economy
It’s time to support our resource sector and get our national economy back on track.
A strong resources sector means more job opportunities, economic growth, and prosperity for all Canadians.
Accounting for:
- 3 million jobs [1]
- 21% of our economy [1]
- 50% of our exports [1]
- 45% of our manufacturing output [2]
… our energy, forestry, mining, and agriculture sectors can help Canada address current economic challenges, including weak business investment, low productivity, and regulatory uncertainty [1].
-----------------------
#2 - Global Resource Demand Growth is an Opportunity for Canadians
Global demand for oil, natural gas, food, minerals, electricity, metals, and wood products is growing.
We should support all Canadian resource sectors to ensure a strong and prosperous future for our country.
It’s time to support the Canadian and Indigenous workers who make up our resource industries.
It’s time to work together for a brighter future for our families and country.
-----------------------
#3 - Natural Resources Support Our Standard of Living
If Canada doesn’t produce the natural resources the world needs, less transparent and regulated producers are happy to fill the void.
Meanwhile, Canadians lose out on immense economic opportunities that we cannot afford to miss.
Oil and gas is projected to generate more than $1.1 trillion in government revenues from 2000 to 2032 [3][4], helping to pay for our public programs and infrastructure while underpinning our standard of living.
Not only does the energy industry help fund our schools, hospitals, and roads, but it also “pays the bills” for our imports of goods and services.
If it weren’t for our oil and gas exports over the past decade, Canada would have a cumulative trade deficit of $1 trillion [5].
-----------------------
#4 - Canadians Can Support All Resource Sectors for a More Prosperous Future
We don’t have to choose between supporting oil and natural gas or renewables. We can do both, for a stronger Canadian economy and a more energy-secure future.
As long as the world needs oil and gas – and it will for decades to come – it should be produced by Canada, supporting our families and creating prosperity for future generations.
-----------------------
SOURCES:
1 – Canadian Chamber of Commerce (2024 September). Investing in natural resources sector a solution to Canada’s productivity problem, report says. [Web Page]. Retrieved from https://chamber.ca/news/investing-in-natural-resources-sector-a-solution-to-canadas-productivity-problem-report-says/
2 - Macdonald-Laurier Institute. (2024 August). Canada's Resource Sector, Protecting the Golden Goose. [Web Page]. Retrieved from: https://macdonaldlaurier.ca/wp-content/uploads/2024/04/20240402_Canada-Golden-Goose-CrossMintz_PAPER-v9-FINAL.pdf
3 - Canadian Energy Centre. (2023 March). $755 billion: The energy sector's revenue contribution to Canadian governments 2000-2021. [Web page]. Retrieved from https://www.canadianenergycentre.ca/755-billion-the-energy-sectors-revenue-contribution-to-canadian-governments-2000-2021/. Date Accessed: August 2023.
4 - Canadian Energy Centre. (2023 January). $495 billion in government revenues from the Canadian oil and gas industry projected over next decade. [Web page]. Retrieved from https://www.canadianenergycentre.ca/495-billion-in-government-revenues-from-the-canadian-oil-and-gas-industry-projected-over-next-decade/. Date Accessed: August 2023.
5 - Canadian Chamber of Commerce - Economic Impact Study - Canada's Conventional Oil and Natural Gas Sector (Date Accessed: June 2024). Retrieved from: https://bdl-lde.ca/wp-content/uploads/2024/03/CAPP_EconomicAnalysis_March2024.pdf