Recommended Posts

Federal Finance Minister Jim Flaherty declared to an American audience Thursday that Canada is an “emerging energy superpower” ready to supply the world with a safe supply of resources, including those from the controversial oilsands.


He made the remarks in a mid-day speech in New York City, where he was attending a forum attended by many key players in the U.S. financial sector.


Mr. Flaherty boasted of Canada’s success in several critical areas, including: the banking sector and mortgage market; job creation and low corporate taxes; and declining deficit and stable debt-to-GDP ratio.


“But that’s not all our country has to offer,” he said, according to a written text of his speech released by the minister’s office.


“We are a world leader on the commodities front — an emerging energy superpower, as we like to say. In good times or bad, Canada is — and will remain — a safe, reliable source of the resources the world demands.”


Mr. Flaherty pointed to Canada’s dominant place in the world, noting that this country is:


• the largest producer of potash and one of the largest producers of uranium


• the second largest producer of nickel


• the third largest producer of aluminum


• the largest exporter of forest products in the world


• the third largest producer of natural gas


• one of the world’s largest producers of hydroelectric power.


Moreover, he reminded his audience that Canada has the “second-largest known petroleum reserves on the planet next to Saudi Arabia.”


“We are a stable, reliable and secure source of oil for the United States, the single biggest supplier of this country in the world at about 1.9 million barrels a day.”


Amid continual discussion about the need for alternative forms of energy, Mr. Flaherty said the International Energy Agency predicts that oil will remain an important part of the global energy supply for decades to come.


“Our western oilsands will remain an integral part of the Canadian economy and global supply,” said Mr. Flaherty. “The economic benefits are clearly large. Along with that, however, come environmental challenges to land, water and air.”


The finance minister said that technological innovation has reduced the costs of oil production and that expanded reserves means the oilsands will be “commercially viable.”


He said the Harper government is investing in carbon capture and storage demonstration projects in Saskatchewan and Alberta as part of its plan to ensure the environment is protected.


“Canada already has one of the cleanest electricity systems in the world, with three-quarters of our electricity supply emitting no greenhouse gases at all. We are bringing the same responsible stewardship to the development of one of the few largely untapped sources of oil left in the world, one the world will be able to count on well into the future.”


(Courtesy of The Financial Post)




Plus they forgot, soon to be one of the largest producers of lithium. Thing is the US could get all their "black gold" from the Bakken Formation (part of it is in Canada but the rest is in the US).


Here some info on the Bakken: Research


Edited by jesseps

Share this post

Link to post
Share on other sites

Les commodities ou matières premières sont hot et vont continuer à monter en valeur. Le Canada est en train de vivre une expansion et une prospérité comme on ne l'a jamais vu, au moins pour les 20 à 30 prochaines années. Heureusement, il n'a pas mentionné la rareté de nos couleuvres

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Similar Content

    • By Flo
      Alstom is delivering Hydrogen-fuelled intercity Coradia trains to Lower Saxony.
      The locomotive and motor engine were manufactured in France whilst the Hydrogen cell was made in Germany.
      In terms of fuel supply, Hydrogen is generated by electrolysis and the energy used to power this reaction is tapped from wind power.
      Functionally-speaking, energy is generated by converting H2 gas to electricity using reverse electrolysis - an old technology discovered back in the 19th century.
      A single H2 fill-up drives the engine with an autonomy of 1,000 km plus the possibility of peaking up to 140 km/h. This is a direct alternative to diesel trains, the motor engine itself is electric, hence quiet, and overhead lines are history.
      H2 is stored in a highly pressurized state and withheld inside reservoirs bearing high tensile strength, still I ponder on the event of an accident given its extremely exothermic nature.
      Anyway, I often hear people arguing over job losses through delocalized assembly lines or trivial companies moving to Calgary or Toronto and always thought Montreal (besides France and Germany BTW, coz I deeply love these 2 cultures ) had all what it takes to unleash innovative industries that would disrupt traditional transport and energy markets (kind like the way Apple's smartphones relegated Nokia's mobile technology to oblivion). Quebec has top universities that lead research in the Physical Sciences, lots of natural resources and genuine reasons to curb climate change. One could imagine developing shuttles that use hydrogen cells to transit people from one bank of the Saint Laurent to another. La Rochelle already has one such gizmo and Marseille has been using a solar-powered equivalent to move people around the Vieux-Port.
      Une petite révolution dans le monde des transports
      Source: Radio France, 11/11/2017

    • By ErickMontreal
      STM plans to build solar-powered bus shelters
      Panels could be used to power lighting * and illuminate revenue-producing ads

      By Monique Beaudin, The GazetteFebruary 2, 2009
      Montreal’s public-transit agency is planning to spend $14.4 million to buy 400 new bus shelters – some of which would use solar panels to provide electricity.
      The new shelters need an energy source to allow the Société de transport de Montréal to use new tools to provide customer service and advertising.
      In some cases the shelters would be powered by solar energy, in others the shelters would be linked into a local source of electricity.
      Several other cities – including London, Vancouver and Toronto – already have bus shelters that use solar panels to charge batteries that power their lighting systems. Blainville, north of Mont-real, put up four such shelters in October and plans to replace all its bus shelters with solar-powered ones by 2010, said spokesperson Yves Meunier.
      Blainville’s plan was to make their bus shelters self-financing, by using revenue generated from selling advertising in the shelters. For that they needed an energy source to illuminate the ads.
      “People selling advertising want the ads to be visible for a certain number of hours every day, especially during the winter,” Meunier said.
      Blainville’s bus shelters – which cost about $30,000 each – were designed and built by a local firm, Meunier said. The city will recycle the old shelters by selling them to other municipalities, he added.
      The STM also expects that by selling ad space in its new shelters they’ll pay for themselves over a 10-year period.
      While the STM has already tested several different kinds of solar-powered bus shelters, spokesperson Isabelle Tremblay said the agency hasn’t chosen a specific bus shelter model to buy yet.
      The transit agency is still waiting for the results of a bus-shelter design contest announced by Montreal Mayor Gérald Tremblay last September.
      Tremblay called on the city’s designers to come up with new ideas for five things – the Champs de Mars métro station, the eastern wall of the courthouse, bus shelters, taxis and temporary festival furniture.
      Design Montreal has not yet launched the contest, spokesperson Stéphanie Jecrois said yesterday.
      The agency is still meeting with its partners to determine how the contest will work, but she said the contest details should be announced with a few weeks. The contest will be held in 2009, she said.
      Meanwhile, at the STM, Tremblay said the agency will only go to tender for new bus shelters after the Design Montreal contest wraps up.
      The STM now has 2,977 bus shelters, serving about one-third of its bus stops. It would like to install 100 new bus shelters over the next two years, and 100 more each year from 2011 to 2013.
      [email protected]
      © Copyright © The Montreal Gazette
    • By ScarletCoral
      Via Global News :
      Plans for Pointe-Claire eyesore in Valois Village
      By Amanda Kelly
      Global News
      MONTREAL – Pointe-Claire could soon be getting a long-awaited economic shot in the arm in the Valois district.
      Global News has learned there are three to four interested parities to buy an abandoned building on Donegani Avenue next to the Sources Boulevard overpass.
      RELATED: Residents want new mayor to initiate change in Pointe-Claire
      The restructuring company Richter has confirmed that both residential and commercial developers are involved in purchasing negotiations.
      No amounts are being released but Raymond Massi of Richter has confirmed that the numbers were significantly higher than the assessed value of more than $1.6 million.
      Richter has been appointed by the commercial division of the Quebec Superior Court to sell the property by the end of November.
      But Massi thinks a sale could occur within the next several months.
      POLL: Should Pointe-Claire’s Valois Village get a facelift?
      The building has been boarded up and abandoned for years.
      The mayor of Pointe-Claire wasn’t aware serious buyers had stepped forward but he’s thrilled with the news.
      “If somebody is interested in purchasing that property and they want to develop it we’re very happy,” Morris Trudeau said.
      “It would obviously help the area because it’s a depressed corner and it’s the window to Pointe-Claire when you arrive from the Montreal airport. To run into a building like that is just unacceptable.”
      © Shaw Media, 2014