Article - http://calgaryherald.com/news/politics/braid-its-a-lonely-town-as-ottawa-plans-the-death-of-oil-and-gas
I am very frustrated to how Butts can say lets' get off oil. Yet oil based products have not alternative replacement. Secondly, it would take well over 30 years to transformed an economy to clean technology. I have always believed in balance approach when it comes to both the economy and environment - https://www.slideshare.net/paulyoungcga/balance-policies-between-environment-rules-and-support-gdp-growth or https://www.slideshare.net/paulyoungcga/transforming-to-low-carbon-economy-canada-march-2017
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
4. AGENDA
• GDP and Wages
• Trade
• Wages and GDP
• Blog – Natural Resources
• Major Natural Resources projects cancelled
• Gerald Butts and Oil
• Justin Trudeau and Natural Resources
5. GDP AND WAGES – AUGUST 2017
Source – Stats Canada
Natural Resources GDP
Value - $148B
Service Sector GDP
Value - $1,228B
Wages - $2,109 Wages - $1,115
9. BLOG – NATURAL RESOURCES
• http://www.canadianmanufacturing.com/environment-and-safety/even-federal-support-building-pipelines-canada-aint-easy-199482/
•
• Did the Liberals not say they would speed up the approval process? https://www.liberal.ca/wp-content/uploads/2015/08/A-new-plan-for-Canadas-environment-and-economy.pdf “We also know
that after the Harper decade, Canadians no longer feel that they can trust their federal government to protect their best interests when it comes to the environment. Mr. Harper treats the duty
to consult with Indigenous Peoples as an afterthought, and he has weakened our environmental protections and approvals processes. Without public trust, it is hard to get anything accomplished.
In short, a lack of environmental stewardship is paralyzing major resource projects. If we want to get our resources moving, and benefit in a sustainable way from the jobs and growth our
resources sector generates, then the federal government must act to regain public trust”
• Harper was made out to being uncooperative when it came to involving people. Yet Harper held hearings with various groups - http://vancouversun.com/news/politics/trudeau-making-same-
mistake-as-harper-on-pipelines-say-critics or http://business.financialpost.com/commodities/energy/canada-pm-laments-foreign-money-at-oil-hearings/wcm/397a9426-b0f3-4986-b3c5-
f9d4c6c931b7
• Supreme Court of Canada ruled that first nations cannot VETO pipelines - https://www.thestar.com/opinion/commentary/2017/07/28/supreme-court-makes-it-clear-indigenous-peoples-cant-
veto-pipelines-walkom.html
• Oil is a key sector for Canada and yet the Liberals have done little in terms of support for the oil sector - https://www.slideshare.net/paulyoungcga/oil-and-gas-transmission-canada-may-2017
• LNG - https://www.reuters.com/article/lng-emissions/lng-growth-to-propel-oil-and-gas-industrys-carbon-emissions-woodmac-idUSL5N1LZ4K9. Canada regulations tied up projects for years.
Companies will go elsewhere when it comes to dealing with regulatory burdens. https://www.biv.com/article/2017/9/another-lng-project-bites-dust/
• FYI – Canada environmental rules are fine. People like you should read more about balancing environment and the economy - https://www.slideshare.net/paulyoungcga/what-are-the-issues-
facing-the-environment
•
12. JUSTIN TRUDEAU / PM OF CANADA
• http://www.macleans.ca/news/canada/what-justin-trudeau-plans-to-tell-davos/
• Exports of natural
resources account
for 51% of all
exports
• You cannot Finished
Goods without raw
materials
• Canada has vibrant
technology sector as
well as diversified
economy
13. LIBERALS AND GULF ST. LAWRENCE
Source - https://www.theglobeandmail.com/news/national/trudeau-government-proposes-opening-st-lawrence-marine-protected-area-to-oil-exploration/article35455157/?click=sf_globefb
14. SUMMARY
• The natural resources pay 50% higher wages than average wages in Canada
• Natural resources have huge trade surpluses.
• Canada needs to streamline processes to get material out of the ground to market
• You cannot have clean technology without raw materials
• Natural Resources drive government revenue which then supports innovation funds. Many clean tech
companies in Canada have not been able to generate a profit. The market value of clean technology
companies is driven by their goodwill, not their profit.