A Canadian natural resource company Teck Resources Limited is proposing a $20 billion oilsands mine in Northern Alberta. The project has been under review for nearly a decade.
The Liberal government has until the end of February to make a final decision on the project.
It was reported last week that some Liberal MPs are pressuring cabinet to deny approval for the project, claiming the project will be detrimental to the government’s pledge to achieve net-zero emissions by 2050. Citing unnamed sources, Reuters reported that the Liberals are preparing an aid package for Alberta as compensation for rejecting the Teck Frontier oilsands mine.
While sparse on details, Environment Minister Jonathan Wilkinson says Alberta’s current efforts to fight climate change will be “considered” in the federal government’s decision.
While climate alarmists and the Liberals hysterically obsess about climate change, many Canadians are more interested to hear about the potential benefits the project would have for them and their families.
Here is what the Teck Frontier oilsands mine would mean for Canada:
- The project is expected to create 7000 jobs during construction, and a minimum of 2,500 people will remain employed at the mine during its life.
- The Teck Frontier mine is expected to remain in operation for over 40 years, creating a source of multi-generational prosperity in Northern Alberta.
- Over a 40 year period, the government is expected to receive $70 billion in tax revenues from the project, enough to pay off the entirety of Alberta’s current debt.
- The project will not cost taxpayers a dime.
- The initial construction of the mine and its infrastructure would be a major economic boost at a time when many Albertans are struggling to find a job.
- The project has the backing of all 14 First Nations communities in the area affected by the mine.
- Teck Resources Limited has been praised by local Metis leaders for their level of engagement with the Metis community.
- Teck Resources Limited is a company which has already made a strong environmental impact.
- Since 2011, they cut their greenhouse gas emissions by 289,000 tonnes, the same taking 88,000 cars off the road.
- They have committed to being a net-zero emissions company by 2050.