Oilsands can help other parts of country if developed safer, faster:leader
EDMONTON - All of Canada should be working to develop Alberta oilsands because the trillions of dollars it can generate can go to help other areas of the country, says an economic leader.
Brad Ferguson, president and CEO of the Edmonton Economic Development Corporation, says northern Alberta could contribute $2.1 trillion to the Canadian economy over the next twenty years, or $105 billion dollars a year.
â€œItâ€™s an enormous number," Ferguson said Tuesday at the group's annual address.
"Itâ€™s a lot of zeros, and it creates a lot of tax dollars. Thatâ€™s why we need to move it from a city imperative to a national imperative because if we donâ€™t extract the value out of the oilsands, the entire country actually gets harmed through the process."
Ferguson has issued a call to action to find ways to make development of the oilsands cleaner, greener, safer, faster and cheaper, as the rest of the world is demanding.
Itâ€™s such a big job, all of Canada should be getting in on it, he added.
â€œIf we use it to activate other parts of the country, everything from other universities and the research thatâ€™s going on there, or the excess capacity thatâ€™s going on in Trois-RiviÃ¨res or Hamilton or Oshawa right now, how do we use what we have here to activate the rest of the country?â€
Edmonton Mayor Don Iveson agreed.
â€œIf we really want to thrive, if we really want to lead and have a great strong economy into the future, it has to innovate and it has to be around, â€˜How do you make things greener? How do you use less energy?â€™ How do you use less water, so I think it's the right call to action,â€ he said.
Read more Business News
- Man sentenced for targeting kidsKelowna - 3:00 pm
- Student stabbed to deathCanada - 2:02 pm
- Scams plague OkanaganVernon / N. Okanagan - 2:14 pm
- Scam man has 44 convictionsKelowna - 11:51 am
|QHR Technologies Inc||1.26||-0.01|
|Anavex Life Sciences||0.20||-0.0195|
|Copper Mountain Mining||2.42||+0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.265||-0.005|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...