"Our natural resource industries — energy, mining and minerals processing and forest — account for more than 10 percent of our gross domestic product and provide close to 800,000 jobs in Canada," said Minister Ritz. "Responsible Resource Development will ensure that our abundant natural resources are developed in a sustainable way for the benefit of all Canadians."
The Minister made these remarks while visiting Kramer CAT, a local Saskatoon company that supplies heavy equipment to the mining, oil and gas and forest industries.
It is estimated that energy and other major resource projects could generate more than $500 billion in new investment in Canada over the next 10 years. For example, Saskatchewan's economy is being fuelled in part by the strength of its potash industry, steady oil and gas development and uranium production. The province's resource sectors contributed 18.3 percent to the province's GDP in 2010 and supported 8.9 percent of Saskatchewan's employment.
"That's why it's so important to ensure that Canada has the right conditions in place to attract global investment in our provinces and territories," said the Minister. "The time is now for Canada's immense resources. Canada must compete with other resource-rich countries around the world for these job-creating investment dollars. And this is why we need to ensure timely, efficient and effective project reviews."
Responsible Resource Development is founded on four main pillars: to make project reviews more predictable and timely while still maintaining thoroughness; to reduce duplication of project reviews; to strengthen environmental protection; and to enhance Aboriginal consultations.
Among the changes, the plan will eliminate inefficiencies between levels of government by enabling provincial governments to replace rather than duplicate assessments by the federal government, provided they can meet federal requirements. The plan also proposes to place firm time limits on reviews, which would have to be completed within two years.
At the same time, the plan proposes measures to strengthen Canada's already high standards for safety and environmental protection. For example, substantial financial penalties would for the first time be imposed for non-compliance with conditions set by environmental reviews.
For more information on Responsible Resource Development, including detailed backgrounders, please visit the Economic Action Plan website: www.actionplan.gc.ca.
For more information, media may contact:
Meagan Murdoch
Director of Communications
The Office of the Honourable Gerry Ritz
613-773-1059
Patricia Best
Director of Communications
Office of the Minister
Natural Resources Canada
Ottawa
613-996-2007
