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View Richard Cannings Profile
NDP (BC)
Madam Speaker, I am glad the minister mentioned the Calgary chamber's comments, because Alberta is hurting. There have been huge job losses there. Naturally, this project promised thousands of jobs. It promised $20 billion in investment.
The trouble is that the Teck CEO plainly said that it needed a partner, as its does not have $20 billion. Its market capitalization is around $8 billion, I believe. It also needed a price. According to the joint review panel, Teck was banking on a price of $95US a barrel. No economic analysis right now in the world will say that oil will ever be at $95 a barrel.
What we need is a real plan to create good jobs in Alberta, and not just in Alberta. Many of the people in my riding go to Fort McMurray for jobs. They want jobs in the Okanagan Valley. They want jobs in the Kootenays. We need a plan that will fight climate change and bring those jobs all across the country, but especially in Alberta, real good jobs that will fight climate change and put these people back to work.
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