Tomorrow’s success is far from guaranteed – it relies on our sound decision-making today. Though Canada’s a vast nation of enormous abundance, many feel we’ve used that fact as a crutch.
Perhaps, it’s time to seize on the opportunities available to us.
Firstly, a decision should be made on how to use our energy. For example, during the OPEC embargo of 1973, Albertan oil was transported west to Vancouver, loaded into tankers, sailed south and through the Panama Canal, then north to Montreal. (An absurd 15,000 km journey.) In fact, Eastern Canada continues to rely on 725,000 barrels per day from Algeria, West Africa, the Middle East and the North Sea – and yet, we’re the world’s sixth largest producer. Ending our bickering and red tape will get us closer to making our country’s energy independence a reality.
It would also be prudent to resist the temptation to place all our chips on the Oil Sands. Perhaps we should consider our entire energy mix – and in particular, our natural gas future. Applying our best minds to the significant question of our energy future is key.
Professor Steve Larter, a leading international expert in the location and formation of heavy oil, put it this way: “Energy technology should be a big part of Canadian industrial development but the total spend is very small. We spend about $30 billion a year on Christmas… while the total university research and development is about one billion dollars. We need a different model if Canada is going to be a big energy producer. It needs to get its act together.”
What do you consider crucial to Canada’s energy future? Let us know in the comments section below.