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 AIR LIQUIDE : First half 2014: Activity progressing and performance in line with full year outlook
<1m ago TOSHIBA : IPedge Application Server Gets Communications Solution Product of the Year Award
<1m ago OVERLAND STORAGE : Appoints Nilesh Patel as VP of Product Management and Product Marketing
<1m ago ADGS Advisory Selects Maxim Group for Services
<1m ago PROOFPOINT : Reports 2nd Quarter 2014 Financial Results
<1m ago INNVEST REAL ESTATE INVESTMENT : REIT Reports Approval, Amendments to Its Series G Convertible Unsecured Subordinated Debentures
<1m ago FEDERAL HOME LOAN MORTGAGE : Freddie Mac Reports Monthly Volume Summary for June
<1m ago IDACORP : to Issue 2Q Earnings
<1m ago Qiagen to Purchase Biomarker SF3B1 License from University of Tokyo
<1m ago ALIMERA SCIENCES : to Issue 2Q 2014 Results
Latest news
Advertisement
Hot News 
GFI : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of GFI Group Inc. Stockholders
MULTIMEDIA GAMES : An Application for the Trademark "CARNIVAL IN RIO 2" Has Been Filed by Multimedia Games
EDWARDS LIFESCIENCES : An Application for the Trademark "BMEYE" Has Been Filed by Edwards Lifesciences
GENWORTH FINANCIAL : In wake of Q2 division earnings, Genworth draws scrutiny
DESTINATION MATERNITY : to Pay Quarterly Cash Dividend
Most Read News
1d ago BANCO MACRO : Argentina fails to reach debt agreement, default imminent
1d ago JPMORGAN CHASE : Announces $30 Million for Small Business Network Growth
1d ago AMC NETWORKS : wants stake in BBC America - source
1d ago MOLECULAR MEDICINE : Researchers from Huazhong University of Science and Technology Provide Details of New Studies and Findings in the Area of Molecular Medicine (Growth...
1d ago BANCO ESPIRITO SANTO : BES seeks capital as key staff suspended over massive losses
Most recommended articles
22m ago Amazon quickens push into tough local services market
25m ago SOME WTO MEMBERS DISCUSSING CUSTOMS DEAL WITHOUT INDIA : sources
26m ago Some WTO members discussing customs deal without India - sources
30m ago Euro May Bounce from 9-Month Low if CPI Data Tops Forecasts
38m ago Samsung Electronics downbeat on third quarter prospects as profits slide
Dynamic quotes  
ON
| OFF