Tuesday 7 February 2012

Oil Sands Economic Impact to Canada

According to the Canadian Energy Research Institute, as oil sands production grows, employment in Canada as a result of new oil sands investments in production and processing is expected to grow from 75,000 jobs in 2010 to 905,000 jobs in 2035, with 126,000 jobs being sourced in provinces other than Alberta. New oil sands development is expected to contribute more than $2.1 trillion (2010 dollars) to the Canadian economy over the next 25 years – about $84 billion per year. The oil sands industry will pay an estimated $766 billion in provincial and federal taxes and royalties in the same period, which contributes to quality of life and services across Canada.

Today the oil sands are the largest employer of building trades in the country. CAPP (Canadian Producers of Petroleum Production) and the Canada’s Building Trades are concerned about the lack of skilled worker availability in the future. The two organizations are presenting an energy and skilled trades conference later this month in Ottawa to discuss labour issues and potential training, fiscal and immigration solutions.
Canada’s oil sands provides and continues to create significant long-term, well-paid, skilled jobs in Canada and the United States,” said Dave Collyer, CAPP’s president. “One of our industry’s most pressing issues is in fact a lack of skilled people to fill the jobs we have today and foresee in the future.

We STILL get the usual rhetoric from the Left against the 'Sands. Today, the 'Sands have a friend in Harper and this is good for Canada's economy and bad news for EVERY person or organisation that doesn't like the 'Sands. Aboriginals receive Billions and Billions of dollars per year through the Canadian Gov't. These funds are bolstered by revenues derived by the Oil Sands. And they are protesting The Gateway Pipeline. Ludacris reasoning brought to it's extreme contradiction.

2 comments:

  1. Seems you are suggesting that money is the only value we need in Canada.

    For the love of money is a root of all kinds of evil. 1 Timothy 6:10

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    Replies
    1. Yes, that's true. The LOVE of money is the root of all evil. And as you would know, God knows our heart, so if whoever it may be, that loves money, God will look after him. The Bible does preach Christian Capitalism. We need jobs. Earning money through honest work creates discipline and increases one's self esteem. Families benefit, Gov't's and our economy(s) benefit. The Oil Sands are very beneficial to our Nation's economy. It's too bad Obama sacrificed thousands of jobs that would've put food on the table for thousands of people. It's a good thing that Harper is not going to do the same thing in Canada. The Keystone Pipeline will, go through. This isn't because of the love of money. Harper has taken the high road by choosing to GOVERN Canada. By creating more jobs through the private sector, he is looking out for Canada's interests. In this way, we aren't looking for the Gov't to provide jobs, thereby raising taxes, but, the private sector using their money instead. This, of course is done to the chagrine of Environmentalists and Aboriginals who would rather see Canada as one big National Park.

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