PSAC de­liv­ers mes­sage to Ot­tawa

Prairie Post (West Edition) - - Prairies -

The Pe­tro­leum Ser­vices As­so­ci­a­tion of Canada (PSAC) trav­elled to Ot­tawa be­fore Christ­mas to de­liver a mes­sage to par­lia­men­tar­i­ans of the cri­sis oc­cur­ring in Canada’s oil and nat­u­ral gas in­dus­try and the need for a Cana­dian en­ergy brand that in­cludes oil and nat­u­ral gas.

“We are ex­pe­ri­enc­ing a ‘made-in-Canada’ cri­sis,” said Gary Mar, Pres­i­dent & CEO of PSAC. “This cri­sis was born by reg­u­la­tory un­cer­tainty, lack of in­fra­struc­ture to ac­cess in­ter­na­tional mar­kets, and com­pet­i­tive­ness is­sues. Canada can pro­vide re­spon­si­ble en­ergy or we can let less re­spon­si­ble coun­tries reap the ben­e­fits.”

Ac­cord­ing to the In­ter­na­tional En­ergy Agency (IEA), global de­mand for all forms of en­ergy, in­clud­ing oil and gas, is in­creas­ing with grow­ing pop­u­la­tions and the rise of the mid­dle-class in de­vel­op­ing na­tions. Canada’s oil and gas in­dus­try’s lack of ac­cess to mar­kets be­yond the U.S. is cost­ing Cana­di­ans over $80 mil­lion a day1.

“What other coun­try would cur­tail its own pro­duc­tion while im­port­ing for­eign oil and gas, ex­port­ing bil­lions of dol­lars and thou­sands of jobs to regimes like Saudi Ara­bia and Nige­ria, as well as to our big­gest com­peti­tor, the U.S.?” asked Mar.

PSAC rec­om­mended to par­lia­men­tar­i­ans the cre­ation of a Cana­dian en­ergy brand.

“A Cana­dian en­ergy brand would show­case how re­spon­si­bly we de­velop our re­sources un­der strong en­vi­ron­men­tal stan­dards and the rule of law, and how we are im­prov­ing ef­fi­ciency and re­duc­ing our GHG emis­sions through in­no­va­tion and tech­nol­ogy de­vel­op­ment,” added Dun­can Au, Chair of PSAC and Pres­i­dent & CEO of CWC En­ergy Ser­vices Corp.

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