Impacts of Resource Development
As a country, Canada is fortunate to have one of the largest and most diverse endowments of natural resources in the world, representing the backbone of the economy and high standards of living. For instance, Canada’s energy, mining and forest sectors impart direct and indirect economic benefits, such as job creation and capital investments. The Government of Canada is committed to creating the right conditions to secure and advance Canada’s place as a global natural resources leader, creating jobs and wealth for all Canadians.
Currently, major projects in the natural resources sector are experiencing a shortage in the supply of many skilled trades. Given the geographic overlap between Aboriginal communities and major resource development projects, particularly in the North, significant opportunities exist for addressing some of the labour market needs by increasing the participation of Aboriginal people. As natural resource projects continue to be developed, ongoing efforts will be required to maintain and build relationships between Governments, Aboriginal communities and industry.
Natural resource development can also have significant impacts on the natural environment. The Lands and Minerals Sector undertakes the scientific examination and survey of the nation’s natural resources to support sustainable development. Specific initiatives are under way to address environmental protection. To diversify and secure access to markets for Canada’s natural resources, Canada needs to demonstrate a strong track record and ongoing commitment to environmental stewardship and social responsibility. Understanding and mitigating the risks of resource development on the environment, allows Canada to build social license and make informed regulatory decisions.
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