Natural Resources Canada

Natural Resources Canada
Canada's Economic Action Plan

Canada's Economic Action Plan

April 04, 2012 12:56 ET

Harper Government Is Committed to Responsible Resource Development

KITCHENER, ONTARIO--(Marketwire - April 4, 2012) - The Honourable Joe Oliver, Minister of Natural Resources, visited Communitech today to discuss Economic Action Plan 2012: Canada's Plan for jobs, growth, and long-term prosperity.

"As a world leader in post-secondary research with a highly skilled work force, Canada has strong fundamentals for innovation. The federal government already provides significant resources to support research, development and technology," said Minister Oliver. "With Economic Action Plan 2012, we are investing significantly in training, infrastructure and opportunities, and supporting job creation by our small businesses."

Minister Oliver also highlighted the importance of our natural resource sectors and the need to modernize our regulatory system.

"Our Government is focused on jobs, growth and long-term prosperity," said Minister Oliver. "Major economic projects in Canada are currently subject to long, unpredictable and potentially endless delays because of a needlessly complex and duplicative approval process. Streamlining this process for major economic projects will result in the creation of good, skilled, well-paying jobs."

Economic Action Plan 2012 will provide fixed timelines for project reviews and assessments:

  • Panel Reviews - 24 months
  • NEB Hearings - 18 months
  • Standard environmental assessments - 12 months

"We recognize that the existing system needs comprehensive reform," said Minister Oliver. "We will bring forward legislation to implement system-wide improvements to achieve the goal of "one project, one review" in a clearly defined time period."

Emerging markets around the world have provided Canada with a tremendous opportunity to responsibly develop our abundant natural resources for the benefit of all Canadians. In 2010, natural resource sectors employed over 760,000 workers in communities throughout the country. In the next 10 years, more than 500 major economic projects representing over $500 billion in new investments are planned across Canada.

Economic Action Plan 2012 proposes to streamline the review process for major economic projects, support consultation with Aboriginal peoples, and strengthen pipeline and marine safety. It also proposes investments totaling $165 million over two years for responsible resource development that creates jobs while protecting the environment.

Minister Oliver also took the opportunity to tour Communitech, a not-for-profit organization that supports technology companies in the Waterloo Region and promotes the region as a technology cluster.

Contact Information

  • Media may contact:
    Patricia Best
    Director of Communications
    Office of the Minister
    Natural Resources Canada, Ottawa
    613-996-2007

    Media Relations
    Natural Resources Canada, Ottawa
    613-992-4447

    General public may contact:
    Mon.-Fri., 8:30 a.m.-4:30 p.m. EST
    Telephone: 613-995-0947
    TTY: 613-996-4397 (teletype for the hearing-impaired)
    questions@nrcan.gc.ca