ARCHIVED - Minister Oliver Highlights Canada's Energy Advantage at International Science Meeting

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Natural Resources Canada
2011/91
September 26, 2011


TORONTO The Honourable Joe Oliver, Minister of Natural Resources, spoke today about Canada’s energy advantage in an address to academics, researchers and policy makers at the 14th International Topical Meeting on Nuclear Reactor Thermalhydraulics.

“Canada’s strong economic fundamentals have enabled it to weather the global recession better than most countries and emerge stronger than other G7 countries, with 600,000 new jobs created since July 2009,” said Minister Oliver. “However, the current fragility of the global economy cannot be ignored by any nation and it is imperative that we leverage our economic strengths and advantages to ensure our prosperity.”

“One of the keys to Canada’s economic strength is our natural resource sector and our emergence as a global energy superpower,” said Minister Oliver. “Canada is fortunate to have abundant and diverse energy resources. In fact, energy represents roughly 7% of our Gross Domestic Product (GDP) and creates hundreds of thousands of direct and indirect jobs across the country. That is why the government strongly supports the construction of the Keystone XL pipeline, for which expanded oil sands development will generate over 140,000 new jobs and $600 billion in economic activity in Canada between now and 2035.”

Minister Oliver emphasized that, in addition to Canada's vast reserves in the oil sands, nuclear energy remains an important part of Canada’s energy mix, and the Government of Canada is committed to taking steps to make it even stronger.

The Minister added that Canadian nuclear research and development spans more than 60 years and continues today with participation in the Generation IV International Forum, which is working to develop the next generation of nuclear energy systems that will continue to provide safe, reliable and competitively priced energy in a sustainable way.

“Government, industry and academia,” he said, “must continue to work together to advance nuclear technology to further increase safety, reliability and efficiency and realize the full potential of nuclear as a vital, emissions-free source of energy.”


FOR BROADCAST USE:

Natural Resources Minister Joe Oliver addressed an international audience of nuclear experts in Toronto today. He said the Government of Canada is committed to ensuring that the nuclear industry continues to make an important contribution to Canada’s economy and that Canada’s nuclear industry is poised for new growth as the Government moves forward with the restructuring of Atomic Energy Canada Limited.


Media may contact:

Julie Di Mambro
Press Secretary
Office of the Minister
Natural Resources Canada
Ottawa
613-996-2007

or

Media Relations
Natural Resources Canada
Ottawa
613-992-4447

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