Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Natural Resources Canada : Canada a World-Class Partner for Energy, Jobs and the Environment

03/05/2013 | 04:11pm US/Eastern
Recommend:
0

Natural Resources Canada

CHICAGO - The Honourable Joe Oliver, Canada's Minister of Natural Resources, today delivered remarks hosted by the Chicago Council on Global Affairs regarding the strong energy relationship that exists between Canada and the United States. The Minister discussed Canada's leadership in enhancing environmental protection and energy security to support jobs, economic growth and our long-term prosperity.

"Canada will continue to be the leading, most secure, reliable and competitive energy supplier to the United States," said Minister Oliver. "Our goals are aligned on greenhouse gas emissions and the priority of enhancing jobs and economic growth on both sides of the border."

Canada is the largest supplier of oil to the United States, sending 2.8 million barrels of competitively priced crude and petroleum products per day to U.S. consumers and refineries - including one million barrels of oil per day from the Canadian oil sands. This partnership is supporting jobs, long-term prosperity and stewardship of the environment on both sides of our shared border - including in the State of Illinois.

Canada currently sends 820,100 barrels per day to refineries in Illinois, which means that an average of 83 percent of oil produced in Illinois is from Canadian crude. The Canadian Energy Research Institute projects that the development of new oil sands projects will create more jobs in Illinois than any other state - 570,000 person years of employment over the next 25 years in various sectors, including construction and manufacturing.

Between 2005 and 2010, Canada's economy grew while its actual GHG emissions declined. In 2010, the oil sands accounted for 0.1 percent of global GHG emissions - or one-one thousandth - less than half the emissions originating from coal-fired electricity in Illinois. The sector has reduced per-unit GHG emissions by 26 percent over the past two decades, and that work continues.

"Canada's plan for the responsible development of our abundant natural resources includes our announced intention to be one of the first major suppliers to the U.S. to regulate GHG emissions from our oil and gas sector," said Minister Oliver. "The approval of Keystone XL would replace oil from Venezuela and the Middle East with a stable supply and improve the energy security of North America."

Canada has already introduced new GHG regulations that are significantly reducing emissions from coal-fired electricity, cars and light trucks, and heavy-duty vehicles. Canada has become the first country in the world to prohibit new coal-fired plants that use traditional technologies and to put in place GHG regulations that make certain that vehicles rolling off the line in 2025 will produce almost 50 percent fewer GHG emissions and consume up to 50 percent less fuel than models produced in 2008.

"Canada will continue developing its natural resources for export to the United States and the fastest-growing regions of the world in a way that ensures the environment is protected," added Minister Oliver.

Earlier in the day, Minister Oliver also toured the Pipe Fitters' Training Center in Mokena, Illinois, where he met with individuals who are benefiting first-hand from the development of the Canadian oil sands.

Media may contact: 

David Provencher
Press Secretary
Office of Canada's Minister of Natural Resources
Ottawa
613-996-2007

or

Media Relations
Natural Resources Canada
Ottawa
613-992-4447

The general public may contact: 

Mon.-Fri., 8:30 a.m.-4:30 p.m. EST
Telephone: 613-995-0947
TTY: 613-996-4397
(teletype for the hearing-impaired)
E-mail: questions@nrcan.gc.ca

distributed by
Recommend :
0
React to this article
Latest news
Date Title
1m ago ADVA OPTICAL NETWORKING SE : Reports Q1 2014 Financial Results In Line with Guidance
1m ago FIRST INDUSTRIAL REALTY : Reports First Quarter 2014 Results
2m ago Reports Outline Catalysis Research Study Findings from C.F. Miller and Colleagues
2m ago ADVA OPTICAL NETWORKING SE : Reports Q1 2014 Financial Results In Line with Guidance
3m ago COLUMBIA : Commercial Bancorp : Reports First Quarter 2014 Results
4m ago EXCLUSIVE : White House considers former banking lawyer for Fed board - sources
5m ago Recent Reports from National Cheng Kung University Highlight Findings in Organic Chemistry
6m ago RESS AFFINOR : Affinor Resources Closes Second and Final Tranche of Financing for a Total Gross Proceed Overall of $2.5 Million, Hired Sequoia
8m ago 1st Commercial Credit Introduces $2500.00 Bonus for Factoring Brokers
8m ago MARK PINCUS : Zynga's Pincus withdraws from operations amid turnaround
Latest news
Advertisement
Hot News 
MATRA PETROLEUM : EGM Statement – Cancellation of trading on AIM
RTC : Board Appointment
ZOTEFOAMS : Unilever to use Zotefoams's MuCell® Extrusion technology for its Dove Body Wash Bottles in Europe
IRONVELD : Shares Jump 26% As Study Confirms Viability Of Iron Project
WEDNESDAY SECTOR LEADERS : Rental, Leasing, & Royalty, Precious Metals
Most Read News
8m ago COMMERCE RESOURCES : Comments on Recent Rockstone Article on Comparative Evaluation of a Rare Earth Deposit
10m ago CELANESE : to Add Fortron® PPS Compounding Capability to Nanjing Integrated Chemical Complex
8m ago ESPIAL : Reports 2014 First Quarter Results
3m ago COLUMBIA : Commercial Bancorp : Reports First Quarter 2014 Results
7m ago 1st Commercial Credit Introduces $2500.00 Bonus for Factoring Brokers
Most recommended articles
11h ago Global share rally peters out, euro lifted by PMI boost
5h ago Weaker FTSE 100 gets support from ABF and AstraZeneca
1d ago Barclays joins retreat from commodities as new rules bite
6d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
4m ago EXCLUSIVE : White House considers former banking lawyer for Fed board - sources
Dynamic quotes  
ON
| OFF