‘Power is the ability of Canada’: New Federal Power Minister postponed Alberta Oilpach members of the family
The new Federal Energy Minister gave a spectacular speech in support of the country’s energy sector on Friday morning, while there is an urgent need for its previous partnership in the field and construction of various types of new energy projects.
Tim Hodgson spoke to a commercial crowd, who had loud applause at a sell-out event at Downtown Calgary as part of her first appearance since the cabinet appointment by Prime Minister Mark Carney.
Hodgson said in his speech, “Energy is power. Energy is the power of Canada. It gives us an opportunity to create the strongest economy in G7, guide the world in the right direction, and we are strong when we show on the table of a dialogue.”
Born and raised in Vennipag, Hodgeson served as a reserve officer in the Canadian Armed Forces from 1979 to 1985. Hodge is most known as a former banker with Goldman Sachs, who served as a consultant of Carney at Bank of Canada.
Hodgon’s resume also includes the role of the board chair in the public power provider of Hydro One, Ontario.
Nevertheless, for those people in oilpatch, their most relevant career experience was three Year he spent the board as a board member with Meg EnergyOne of the top -15 largest oil and gas producers in Canada operates one and one in Alberta.
“In Goldman, one of my first major deals is one of the deals I am still proud of:
Alliance pipeline. ,
Mark Carney has named Ontario Liberal MP Tim Hodgson as the new Federal Energy Minister. CBC’s acton Clarkin has more on how Hodgson can establish a new course for Alberta’s relationship with Ottawa on natural resources.
Alliance is a pipeline that transports natural gas from Alberta and British Columbia to Chicago region.
Hodgon said, “We helped to get that project out of the ground.”
“That pipeline shut down the price difference of natural gas, shut down the supported jobs, and brought more revenue to Alberta and the federal government. A better price for Canadian energy helped each Canadian – recently, with the construction of TMX expansion.”
Under former Prime Minister Justin Trudeau, the federal government purchased the Trans Mountain Pipeline Project and built an extension pipeline for oil transport from Edmonton for an export terminal near Vancouver.
“I want to be very clear. We are building in the new economy, Canada will no longer be defined late. We will be defined by delivery,” he said.
Hodgson reiterated a phrase often promoted by oil and gas sector how energy exports from Canada create a overall benefit to the world.
He said, “Each barrels of canadian oil and clean Canadian power produced responsibly can displace less clean, risky energy elsewhere in the world,” he said. “Our exports can help our allies to break dependence on ruling rule and help the world to reduce our emissions.”
Hodgson highlighted the requirement of various types of energy including nuclear power, while pressurizing the pathway project to move forward, which is one Proposed carbon-contact facility In the oil region of northern Alberta.
He said, “We all, governments and industries, need to project Pathway. This government will not be a government to talk, but will be a government of action. We need the same from Alberta Province and Pathway Alliance,” he said.
Pathway Organization Oilsands is a cooperation among veterans, including Suncore. The company’s CEO Rich Kruger started Hodgeon at the event, stating that the government’s focus on building “is music for our ears.” He also praised Hodgeson for his prestigious career.
Several provincial leaders, including Alberta Premier Daniel Smith, have called a political “reset” to join the West of Ottawa.
Smith was also “very worried” about the appointment of new environment and climate change minister Julie Dabrin.
Smith said after the recent federal election, “We are still being forced to fight another ‘Ground in the Ground’ Environment Minister. This is a step in the wrong direction.”
Industry sees Hodge as a ‘great pick’
The government of Alberta is very open -minded about the appointment of Hodgson, while in the industry Praise him As “a great pick” and “perhaps the best option” for the job.
The people of the industry hope that the combination of Hodgson’s capital markets and the combination of knowledge of oil will help to attract a policy of investment and size which will help bloom the region.
During the election campaign, Carney said that his government would make Canada a “major energy superpower” to Canada to kick-start the country’s economy, build energy corridors and take fast regulatory decisions on major projects.
The country is facing the possibility of an economic recession due to a serious threat to the tariff of US President Donald Trump.
Hodgson’s appointment may reduce some Frustration Oilpach leaders were voiced about the re -election of liberals and the concerns of continuous policies that target the region.
Over the past decade, the oilpatch leaders have Criticized The Liberal government has damaged the liberal government to present the law which damages the region as a change in clean fuel rules, proposed emissions hats and federal evaluation of major projects.
