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• PIPELINE NEWS NORTH
SEPTEMBER 30, 2020
EVENT INFORMATION Team Registration – $515.24 (Three eligible curlers are required to validate the entry) Entry deadline – November 13, 2020 Limited to first 16 rinks Each team is eligible for $2,000 cash in the reverse draw. Superb Entertainment on Thursday night For more information contact Neil Carlstrom 250-263-7018 or Curtis Schafer 250-262-9453
SEPTEMBER 30, 2020
PIPELINE NEWS NORTH •
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CAODC responds to Throne Speech, looks forward to energy industry helping lead recovery of Canada’s economy Today’s Speech from the Throne, the Federal Government acknowledged the important role natural resource industries will play in Canada’s economic recovery. Governor General Julie Payette pledged to continue to support Canada’s manufacturing, energy, and forestry industries, and stressed competitiveness as a key factor in ensuring Canadian businesses can survive and provide good jobs.
“It was encouraging to hear the government acknowledge how important Canadian energy truly is, not only to provide good jobs, affordable energy, and a high standard of living, but also to protect and advocate for the environment both at home, and around the world,” states CAODC President and CEO, Mark A. Scholz.
sidy (CEWS) through the summer of 2021 will help many struggling oil and gas businesses and families continue to operate. “Small businesses are the backbone of the Canadian energy services sector,” says Scholz. “This extension will help protect jobs and keep doors open.”
Of note, the extension of the Canadian Emergency Wage Sub-
Overall, the tone of the speech was positive. CAODC will be monitoring how the various support programs are administered, and
The industry supports half a million jobs across the country and a supply chain that reaches from coast to coast and contributes to economic growth and prosperity for thousands of businesses. As Canadians look toward recovery, the natural gas and oil industry can play a vital role — not only to boost the national economy, but to promote further innovation and develop new technologies which can help the country reach environment and climate goals here and abroad. Today, Canada is a clear leader in environmental, social and governance (ESG) performance. For example, Canada’s offshore oil production is among
the least carbon-intensive in the world, with 30 per cent lower emissions per barrel than the global average. The country’s leadership in innovation and environmental performance can be a competitive advantage when marketing Canada’s energy sector on the world stage, and a key component of drawing investment back to a responsibly-operated and stable energy industry. “Government policy must be considered in the context of a strong economic recovery plan. It’s time to signal to the international community that Canada is a good place to do business and
whether the overall sentiment is maintained in the months to come. Canada’s Minister of Natural Resources, Seamus O’Regan, said it best: “If the Canadian oil and gas industry doesn’t recover, Canada will not recover. It’s up to all of us to respond accordingly.” The Canadian Association of Oilwell Drilling Contractors (CAODC) represents Canada’s drilling and service rig industry.
CAPP says new poll shows Canadians are most concerned about the economy, want a strong natural gas and oil sector The state of our country’s economy is the biggest issue of the day for Canadians, according to a new poll from IPSOS. The poll has 44 per cent of Canadians choosing the economy as the biggest priority for government, even putting it ahead of healthcare (chosen as the top issue by 36 per cent of those surveyed). All other issues fall far down the list of concerns.When it comes to strategic direction, nearly two-thirds of Canadians (64 per cent) say that natural gas and oil need to be a part of Canada’s recovery and more than half (55 per cent) believe supporting jobs in Canadian natural gas and oil is more important than ever because we need it to kick start our economy. The new data from IPSOS, which surveyed people across the country, demonstrates Canadians are widely supportive of growth and development for Canada’s natural gas and oil sector. The Canadian Association of Petroleum Producers (CAPP) is encouraged to see strong support from Canadians and urges the federal government to show the same level of support for the natural gas and oil industry. CAPP has just published its Vision for Canada’s Recovery report, which highlights the positive potential impact of the industry in creating jobs for Canadians and boosting the country’s economic recovery. According to Statistics Canada, exports of crude oil, bitumen, natural gas and natural gas liquids generated more than $102 billion in 2019. Add in refined petroleum and the total rises to more than $112 billion — about 19 per cent of the revenue from all of Canada’s exports combined.
market our strengths to attract investment back to our industries,” says Tim McMillan, president and CEO: “Economic recovery is top of mind for Canadians, and we are encouraged to see the support across the country for a strong natural gas and oil industry. A growing industry will create much needed jobs for Canadians and revenues for governments. Bringing investment back to the industry will also support continued development of new technologies which improve our environmental performance, reduce emissions and further our climate goals.”