News

Statement by Joe Oliver on the Death of Jim Flaherty

April 15th, 2014

I am deeply saddened to learn of Jim Flaherty’s passing. Jim was an honourable, dedicated and exceptional man who loved his country. During his long and distinguished career in public life, Jim made countless contributions to Canada’s economic growth and prosperity… Read the Full Article

Economic Action Plan 2014

April 15th, 2014

I was honoured to be appointed by Prime Minister Harper to serve as Canada’s new Minister of Finance, and look forward to building upon the great accomplishments of Jim Flaherty. I will draw on my experience in the financial sector to advance our Conservative Government’s low-tax plan for jobs and growth for Canadians across the country… Download the PDF

Canada-India Nuclear Cooperation Agreement

April 11th, 2013

The Harper Government today announced that the Appropriate Arrangement pursuant to the Canada-India Nuclear Cooperation Agreement has now been signed by both sides and will take effect as soon as the Nuclear Cooperation Agreement is brought into force by the two countries.

  • The Harper Government is focused on what matters to Canadians – jobs, growth and long-term prosperity.
  • By opening the doors of trade, our Government will keep Canada at the forefront of the global economy for years to come.
  • Minister Oliver today announced that the Appropriate Arrangement pursuant to the Canada-India Nuclear Cooperation Agreement has now been signed by both sides and will take effect as soon as the Nuclear Cooperation Agreement is brought into force by the two countries. He was joined by Minister Yelich and Premier Wall.
  • When brought into force, the Agreement will allow Canadian nuclear companies to export controlled nuclear materials, equipment and technology to India, for peaceful uses.
  • This agreement is one example of the Harper Government’s efforts to reach new markets for Canadian energy and to strengthen our trading partnership with the Asia–Pacific region.
  • In Canada, the nuclear power generation sector produces about $5 billion in annual revenues and supports 17,000 direct jobs while uranium mining accounts for over $1 billion per year in exports and supports 5,000 direct jobs.
  • The Harper Government remains focused on four priorities, as outlined by the Prime Minister, that Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and of course, their personal financial security.

An open letter from the Honourable Joe Oliver, Minister of Natural Resources , on Canada’s commitment to diversify our energy markets and the need to further streamline the regulatory process in order to advance Canada’s national economic interest

January 9th, 2012

Canada is on the edge of an historic choice: to diversify our energy markets away from our traditional trading partner in the United States or to continue with the status quo.

Virtually all our energy exports go to the US. As a country, we must seek new markets for our products and services and the booming Asia-Pacific economies have shown great interest in our oil, gas, metals and minerals. For our government, the choice is clear: we need to diversify our markets in order to create jobs and economic growth for Canadians across this country. We must expand our trade with the fast growing Asian economies. We know that increasing trade will help ensure the financial security of Canadians and their families.

Unfortunately, there are environmental and other radical groups that would seek to block this opportunity to diversify our trade. Their goal is to stop any major project no matter what the cost to Canadian families in lost jobs and economic growth. No forestry. No mining. No oil. No gas. No more hydro-electric dams.

These groups threaten to hijack our regulatory system to achieve their radical ideological agenda. They seek to exploit any loophole they can find, stacking public hearings with bodies to ensure that delays kill good projects. They use funding from foreign special interest groups to undermine Canada’s national economic interest. They attract jet-setting celebrities with some of the largest personal carbon footprints in the world to lecture Canadians not to develop our natural resources. Finally, if all other avenues have failed, they will take a quintessential American approach: sue everyone and anyone to delay the project even further. They do this because they know it can work. It works because it helps them to achieve their ultimate objective: delay a project to the point it becomes economically unviable.

Anyone looking at the record of approvals for certain major projects across Canada cannot help but come to the conclusion that many of these projects have been delayed too long. In many cases, these projects would create thousands upon thousands of jobs for Canadians, yet they can take years to get started due to the slow, complex and cumbersome regulatory process.

For example, the Mackenzie Valley Gas Pipeline review took more than nine years to complete. In comparison, the western expansion of the nation-building Canadian Pacific Railway under Sir John A. Macdonald took four years. Under our current system, building a temporary ice arena on a frozen pond in Banff required the approval of the federal government. This delayed a decision by two months. Two valuable months to assess something that thousands of Canadians have been doing for over a century.

Our regulatory system must be fair, independent, consider different viewpoints including those of Aboriginal communities, review the evidence dispassionately and then make an objective determination. It must be based on science and the facts. We believe reviews for major projects can be accomplished in a quicker and more streamlined fashion. We do not want projects that are safe, generate thousands of new jobs and open up new export markets, to die in the approval phase due to unnecessary delays.

Unfortunately, the system seems to have lost sight of this balance over the past years. It is broken. It is time to take a look at it.

It is an urgent matter of Canada’s national interest.

The Hon. Joe Oliver
Minister of Natural Resources