Responsible resource development is an important part of the Government’s economic plan to create jobs, growth and long-term prosperity. Through the responsible development of our immense natural resources, Canadian companies are creating good, well-paying and highly skilled jobs in communities across Canada. In fact, Canada’s natural resource sector represents 18 per cent of the economy and over half of our exports, and supports 1.8 million jobs directly and indirectly. Furthermore, it generates about $30 billion annually in revenue to governments, equal to approximately half of all spending on hospitals in Canada in 2013.
Canada is a major player in the world energy economy, in addition to its strength in mining, forestry and agriculture. Hundreds of resource projects are underway or planned over the next 10 years representing a total potential investment of $650 billion. According to the Conference Board of Canada, British Columbia’s natural gas sector alone could attract an average of more than $7.5 billion in new investment each year from now until 2035.
These projects will create hundreds of thousands of jobs and generate significant economic growth. Canada’s energy advantage translates into concrete benefits for all Canadians as increasing revenues allow the Government to finance critical social programs and lower taxes.
The significant employment and profit opportunities for Aboriginal peoples associated with natural resource development cannot be overstated. The Government will continue to consult with Aboriginal partners on maximizing opportunities related to resource projects.
Through Canada’s Economic Action Plan 2012, the government is investing $165 million over two years to support Responsible Resource Development. This investment includes strengthening pipeline and marine safety, supporting consultations with Aboriginal peoples and renewing funding for the Major Projects Management Office Initiative.
Responsible Resource Development achieves the right balance to unleash the potential of our resource sectors to create high-value jobs across Canada while strengthening safety and environmental protection.
About the Initiative
To maximize the value that Canada draws from our natural resources, Canada needs a regulatory system that reviews projects in a timely and transparent manner, while effectively protecting the environment. The government brought forward legislation to ensure Canada’s regulatory system is among the most competitive, efficient and effective in the world.
The plan is based on four key themes:
- Making the review process for major projects more predictable and timely;
- Reducing duplication in the review process;
- Strengthening environmental protection; and
- Enhancing consultations with Aboriginal peoples.
Who Will Benefit
Canadians from coast to coast to coast will benefit from the plan for Responsible Resource Development.
On June 29, 2012, the Jobs, Growth and Long-Term Prosperity Act, which includes key elements of the plan for Responsible Resource Development, received Royal Assent.
The government is continuing its efforts to advance supporting regulations and guidance materials (e.g. administrative monetary penalties, timeline regulations, etc.) to fully implement the plan for Responsible Resource Development.
As part of Budget 2012 the Government announced $37.5 million over two years to enhance the current tanker safety regimes. Building on these measures, the government announced further measures to ensure a World Class Tanker Safety System for Canada on March 18, 2013.
On March 19, 2013 the government announced the appointment of Douglas Eyford as the Special Federal Representative on West Coast Energy Infrastructure. Mr. Eyford is engaging with Aboriginal communities in British Columbia and Alberta that could benefit from future energy infrastructure development. Mr. Eyford reports directly to the Prime Minister and will present a preliminary report in June 2013, which will be followed by a final report by November 2013.
Find Out More
For more information, visit the Government of Canada’s webpage for Responsible Resource Development.