NEW YORK CITY, NEW YORK--(Marketwired - March 12, 2014) - Natural Resources Canada
The Honourable Joe Oliver, Canada's Minister of Natural Resources, today attended the East Coast Energy Conference where he delivered a speech highlighting the Canada-U.S. energy relationship and Canada's enormous potential as an energy superpower. During his address, Minister Oliver emphasized Canada's interest in enhancing North American energy security, jobs and environmental protection.
In particular, Minister Oliver highlighted the Government of Canada's changes to resource development regulation, the Responsible Resource Development plan. This plan has strengthened environmental protection, made reviews of major resource projects more timely and predictable, and provided greater certainty for investors.
Noting that Canada lost some $35 million daily in 2012 because our crude oil resources are landlocked, Minister Oliver also discussed the Government of Canada's commitment to diversifying Canada's markets so as to benefit from world energy prices.
- Canada and the United States enjoy the largest two-way trade relationship in the world- more than $700 billion annually.
- Canada's oil sands already support more than 54,000 jobs in the United States including about 2,500 in the state of New York.
- Oil sands production is predicted to rise to 5 million barrels per day by 2035.
- The long-term trend for greenhouse gas emissions per barrel in the oil sands is downward, falling by 26% between 1990 and 2011.
- Greenhouse gas emissions from Canada's oil sands amount to less than the emissions originating from coal-fired electricity plants in the state of Alabama.
- Canada is taking significant action to reduce its GHG emissions.
"As the global middle class grows, so too will global energy demand. Canada can meet that demand: we have solid economic fundamentals and unprecedented energy wealth. Canada is emerging as a 21st century energy superpower - unmatched in reliability, responsibility, and potential."
Joe Oliver, Canada's Minister of Natural Resources
Oil Sands Fact Sheet: http://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/energy/pdf/eneene/pubpub/pdf/OS-brochure-eng.pdf
Pipeline Safety Fact Sheet : http://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/energy/files/OS-Pipeline_Safety_e.pdf
Responsible Resource Development: http://eap.gc.ca/en/content/r2d-dr2
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