(OTTAWA) – February 20, 2019 – Canada is at an economic and social tipping point because of our inability to get resource infrastructure built, according to the Canadian Chamber of Commerce.
“The very fabric of our country is being threatened by the devastating impact of low oil prices, our inability to get resources to global markets, and the increasing tensions between resource-producing regions and the rest of Canada,” the Honourable Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. “Our natural resources should be a source of pride for all Canadians. As producers of some of the cleanest, most ethically-produced products in the world, we should be doing all we can as a country to get them to global markets, where they can get a fair price, help reduce global greenhouse gas emissions, and contribute to our prosperity as a nation.”
Canada’s 450 chambers of commerce, representing 200,000 Canadian businesses, are coming together today to deliver a pointed message to politicians in Ottawa and across the country: make immediate improvements to Canada’s broken regulatory system to ensure our resources get to international markets.
Lost in the current national discussion about Canada’s energy resources and climate change is that Canadian energy products are the most responsibly-produced in the world. There is enormous demand for Canadian energy products to displace coal in growing economies like China and India, which would make a massive contribution to reducing global greenhouse gas emissions. Instead, Canada is squandering an opportunity to put more money in the pockets of every single Canadian and fight climate change at the same time because of internal political bickering.
“Canada is at a tipping point, and time is not on our side. Canada’s economic well-being is at significant risk,” Mr. Beatty added. “What we need to do right now is fix Bill C-69, make immediate the regulatory changes promised in the fall economic update, and make plans to get our resources to tidewater without further delays. Canadians have had enough of the talk. They want to see real, concrete actions.”
Find out more about the Canadian Chamber’s submission to the Senate of Canada on Bill C-069 here.
Find out more about the Canadian Chamber’s report on the state of regulatory failure in Canada, Death by a 130,000 Cuts, here. The Canadian Chamber of Commerce welcomed the federal government’s plans to modernize Canada’s regulatory framework, as announced in the 2018 fall economic update, and is looking for urgent, concrete action against those promises.
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. News and information are available at Chamber.ca or follow us on Twitter @CdnChamberofCom.
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