The document provides an analysis of Canada's natural resources sector. It includes a biography of the author, Paul Young, and then covers topics such as GDP contributions from natural resources, commodity prices, government policies impacting oil and gas, lithium mining opportunities, and actions needed to better support the natural resources sector in Canada.

1. Canada Natural Resources –
Analysis and Commentary
PAUL YOUNG CPA CGA
JUNE 24, 2020

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 4th Qrt – Canada
 Oil Rigs and Oil Prices – May 2020
 GDP and Natural Resources
 Additional Training
 Government Policies
 Stock Market and Commodity Prices
 Gerald Butts and Oil
 Justin Trudeau and Resourcefulness
 Wages
 Lithium / Blog

4. Natural Resources /
Canada
Source -
https://www150.statcan.gc.ca
/n1/daily-
quotidien/200624/dq200624
a-eng.htm

5. Oil Prices and Oil Rigs Oil Links -
https://www.slideshare.net/paulyoungcga/
oil-and-gas-sector-whats-happening-
outlook-2020-and-beyond

6. Forestry Sector / Sawmills

7. GDP
GDP by Sector (Average Growth)
GDP by Sector

8. Natural Resources Sector
 Forestry - https://www.baytoday.ca/coronavirus-covid-19-local-news/canadian-forestry-industry-bracing-for-
brutal-2020-2270373
 Metal Mining- https://www.osler.com/en/resources/regulations/2020/covid-19-s-impact-on-mining
 Vanadium, Lithium and Rare Metals - https://www.spglobal.com/marketintelligence/en/news-insights/latest-
news-headlines/quebec-lithium-mine-s-bankruptcy-flags-canadian-market-obstacles-analysts-say-58533815
or https://www.slideshare.net/paulyoungcga/clean-technology-and-green-economy-canada
 Canada Smelting – smelting/fabrication - https://www.newswire.ca/news-releases/canadians-want-to-seize-
opportunity-in-critical-minerals-847674353.html
 LNG/Natural Gas - https://www.northernsentinel.com/news/despite-covid-19-lng-canada-committed-to-first-
cargo-delivery-by-mid-2020/

9. Government Policies / Legislation
 Anti-pipelines - https://www.cbc.ca/news/canada/british-columbia/pipeline-capacity-poll-1.4979805 or
https://www.nationalobserver.com/2019/01/04/news/pipeline-shortfall-not-only-thing-punishing-canadian-
oilpatch
 Rail shipments and Goods - https://www.cbc.ca/news/politics/tasker-crude-by-rail-eight-fold-increase-1.4842410
 C69 - https://openparliament.ca/bills/42-1/C-69/ “An Act to enact the Impact Assessment Act and the
Canadian Energy Regulator Act, to amend the Navigation Protection Act and to make consequential
amendments to other Act”
 Carbon Taxation - https://www.cbc.ca/news/canada/north/yukon-chamber-mines-carbon-tax-1.4691472
 All levels of government across Canada have made changes to both taxation and regulatory policies
Source - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2017

10. Stock Market and Commodity Prices

11. Gerald Butts and Oil
• Butts did not support Northern
Gateway or East-West
• Keystone stumbling block was Obama
which he did not say in his interviews
• Butts brought in the failed FIT
Policy -
https://www.cbc.ca/news/opinion/
ontario-disaster-architects-
1.3884108
• Butts tweets have been anti-oil
and pro-climate change
• https://ottawasun.com/opinion/let
ters/you-said-it-whats-the-
carbon-tax-problem

12. Justin Trudeau and Natural Resources
 https://www.cbc.ca/news/politics/trudeau-davos-future-look-economy-harper-1.3412182
 https://business.financialpost.com/business/energy/varcoe-oilpatch-in-rebellion-as-ottawa-plows-ahead-on-
bill-c-69/wcm/e5e15cab-b220-45f3-a29a-
ca7290dfa272?utm_medium=Social&utm_source=Facebook&fbclid=IwAR2vsjIYWtPsq0eaNYt-
11WYJhMy80fRWQQD6MNV3b30ISA1u0cNzenCxk8#Echobox=1560516484
 “My predecessor wanted you to know Canada for its resources," Trudeau reminded. "I want you to know
Canadians for our resourcefulness."
 Trudeau misled people back in 2016 about the importance of Natural Resources development was to Canada.
 https://www.slideshare.net/paulyoungcga/2019-election-management-of-natural-resources-canada-june-
2019
 FYI
 It is never about jobs, but votes!

13. Wages

14. Power Production / Utility Sector
Source -
https://www.slideshare.net/paulyoungcga/electricit
y-generation-co2-and-environmental-impact-
whats-next

15. Training and Development
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
 These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies

16. Corporate Taxation
Here is what I told a Liberal?
You appear to be anti-business as such likely will not read my posts, but will take the NDP at their word when it comes to taxation, right?
 Corporation pay carbon tax, excise taxes, payroll taxes, royalties, corporate income tax - https://www.slideshare.net/paulyoungcga/how-corporate-and-business-taxation-flows-to-
government
 Mutual funds and pension funds invest in corporations - https://www.investopedia.com/university/mutualfunds/mutualfunds.asp
 Top 1% - https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada-june-2019
 Many corporations do not get direct business subsidies - https://www.investopedia.com/articles/basics/11/introduction-to-government-subsidies.asp (Direct subsidies are loans,
grants, etc.)
 Tax deductions are not subsidies. Corporations have to qualified for tax deductions - https://taxfoundation.org/corporate-tax-rates-around-world-2018/ - Countries need to be
competitive with all their tax, environmental and other government policies.
 There are rules around income movement it is called transfer pricing. The rules have change based on BEPS - https://www.osler.com/en/resources/regulations/2018/canada-begins-
ratification-process-for-multilateral-tax-convention-to-implement-beps
 You want to fixed income taxation then go after the tax code - https://www.brookings.edu/research/a-golden-opportunity-to-simplify-the-tax-system-options-for-reforming-a-
complex-tax-code/
 Governments around the world need to go after tax havens - https://medium.com/@nslewis/tax-havens-make-gdp-screwy-c241430447d9 - Liberals refused to go after tax havens as
the panama papers have shown there are liberals with holdings in tax havens - https://www.cbc.ca/news/business/stephen-bronfman-trudeau-paradise-papers-1.4382511
 Trudeau and Morneau have trust funds. Maybe it is time to go after trust funds - https://www.advisor.ca/tax/tax-news/cra-to-demand-more-info-on-trusts-beginning-in-2021/
 Clean technology gets direct subsidies and you do not mention that issue, why? https://business.financialpost.com/commodities/energy/total-destruction-of-the-market-investments-
in-clean-tech-cool-off-as-subsidies-ends - I guess you are ok with subsidizing power under the FIT agreement - https://torontosun.com/news/provincial/ontario-lost-up-to-1-2-
billion-selling-clean-energy-at-a-loss-engineers
 Many # companies are just an easy way for people to set up a small business. Small business has already told the Liberals their tax policies are harming them, and you say nothing,
why? https://www.slideshare.net/paulyoungcga/small-business-under-attack-by-government-canada

17. Lithi
um
Blog
https://www.nextbigfuture.com/2020/06/south-korea-makes-progress-to-lithium-oxygen-batteries-with-ten-times-higher-energy-
densities.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
Briefing
Researchers have presented a novel electrode material for advanced energy storage device that is directly charged with oxygen from the air. Professor Jeung Ku Kang’s
team synthesized and preserved the sub-nanometric particles of atomic cluster sizes at high mass loadings within metal-organic frameworks (MOF) by controlling the
behavior of reactants at the molecular level. This new strategy ensures high performance for lithium-oxygen batteries, acclaimed as a next-generation energy storage
technology and widely used in electric vehicles.
 Top 10 mining countries - https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/top-lithium-producers/ -NB- China has
two of the top mining companies.
 Australia and Chile lead the world in the production of lithium - https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-
investing/lithium-producing-countries/. Australia hosts the Greenbushes lithium asset, which is operated by Talison Lithium, a subsidiary jointly owned by miners
Tianqi Lithium (SZSE:002466) and Albemarle (NYSE:ALB). Greenbushes is the longest continuously operating mining area in Western Australia, having been in
operation for over 25 years.
 Canada is seeing a rise in junior lithium miners - https://www.mining.com/canadian-lithium-junior-surges-45-after-460m-injection/
 You cannot have clean technology without lithium and other products - https://www.slideshare.net/paulyoungcga/canada-clean-technolgy-and-the-green-
economy
 Lithium is very toxic as such there needs to be a recycling program - https://cen.acs.org/materials/energy-storage/time-serious-recycling-lithium/97/i28
 World needs to develop better extracting and mining practices as part of saving both the land and water - https://www.dw.com/en/lithium-extraction-for-e-
mobility-robs-chilean-communities-of-water/a-51844854
 Tesla relies heavily on lithium - https://www.forbes.com/sites/arielcohen/2020/12/30/teslas-new-lithium-ion-patent-brings-company-closer-to-promised-1-million-
mile-battery/#6dcb937033e3
 China controls allot of clean technology metals like lithium - https://www.utilitydive.com/news/beating-china-at-the-lithium-game-can-the-us-secure-supplies-to-
meet-its/572307/
 Top lithium battery startups - https://tracxn.com/d/trending-themes/Startups-in-Lithium-Ion-Batteries
 Canadian companies find traction with lithium technology- https://www.theguardian.pe.ca/business/regional-business/canadian-lithium-tech-companies-find-
traction-amid-rise-of-electric-cars-357175/

18. What needs to
happen
 Trudeau team needs to get the softwood lumber dispute
resolved and look at ways to expand lumber exports to CETA
and TPP -
https://www.bnnbloomberg.ca/economics/video/overall-impact-
of-softwood-lumber-dispute-minimal-for-canada-
economist~1108540
 Trudeau’s team has too many radicals that are putting their own
interest over what is best for Canada. NR development will lag
until there is change in government
 There lacks integrated strategy between all levels of government
to get projects off the ground
 Canada needs to revisit its taxation and regulatory policies /
Covid19 -
https://www.slideshare.net/paulyoungcga/transforming-the-
economy-postcovid19-canada-and-the-world
 More emphasis on the skill trades and engineering area as part
of supporting the natural resources sector. -
https://www.slideshare.net/paulyoungcga/human-capital-skills-
trades-and-skills-development
 Better partnering with NR companies as part of leaving a legacy
around for communities, i.e. roads, housing, water, etc.
 https://www.slideshare.net/paulyoungcga/what-is-going-
on-with-canadas-competitiveness