TORONTO, ONTARIO--(Marketwired - April 4, 2014) - Natural Resources Canada
The Honourable Lisa Raitt, Canada's Minister of Transport, today delivered a keynote speech at the Canadian Association of Petroleum Producers (CAPP) Scotiabank Investment Symposium in Toronto on behalf of the Honourable Greg Rickford, Canada's Minister of Natural Resources. Minister Raitt took this opportunity to highlight Canada's unwavering commitment to energy market diversification.
Minister Raitt highlighted the Harper Government's plan for Responsible Resource Development, which is enhancing the environmental performance of the oil and gas industry by improving enforcement, compliance and emergency response. Minister Raitt also outlined the Harper Government's efforts to lower taxes, reduce red tape and create jobs and growth for Canadian families.
- Canada has 173 billion barrels of proven crude oil reserves, the third-largest reserve in the world.
- According to the International Energy Agency, oil will remain the dominant fuel globally for decades to come, even under its most stringent greenhouse gas (GHG) reduction forecast.
- Under Responsible Resource Development, pipeline safety has been further strengthened by providing $13.5 million to the National Energy Board to increase the number of annual oil and gas pipeline inspections by 50 percent.
- Budget 2013 provided over $600 million in support of Aboriginal education, skills development and community infrastructure.
"Canada has a once-in-a-generation opportunity to turn our energy wealth into jobs, growth and long-term prosperity for all Canadians. To seize this opportunity, our government continues to aggressively work on diversifying our energy markets while ensuring strong environmental protection and enhancing engagement with Aboriginal Peoples."
The Honourable Lisa Raitt, Canada's Minister of Transport
Oil Sands Fact Sheet
Pipeline Safety Fact Sheet
Aboriginal Peoples Fact Sheet http://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/energy/pdf/eneene/pubpub/pdf/12-0655-OS-Aboriginal-eng.pdf
Responsible Resource Development http://eap.gc.ca/en/content/r2d-dr2
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