Jim Prentice says Canada playing global energy game without much skill

CALGARY – Former federal cabinet minister Jim Prentice says Canada has been complacent when it comes to making the most of its resource wealth.

Prentice, currently a CIBC executive, says Canada hasn’t been playing the global energy game with much skill, foresight or cohesiveness.

He told a summit on Alberta’s economy that relying on the U.S. as a customer for energy exports used to be a nuisance but now it’s an enormous vulnerability for Canada and Alberta alike.

Prentice says he’s confident the Keystone XL pipeline between the oilsands and the U.S. Gulf Coast will go ahead.

But he cautions it’s not going to solve the problem since demand growth is in Asia, not south of the border.

He says until recently former Enbridge CEO Pat Daniel was the only public figure making a sustained push for West Coast pipeline access and now it’s time for everyone to pull together to that end.

Prentice says First Nations — some of the most vocal critics to Enbridge’s Northern Gateway pipeline — need to play a central role in the discussion.




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Jim Prentice says Canada playing global energy game without much skill

  1. He’s right that we’re doing it without any skill….the rest is bosh.

  2. News flash to Mr P, it’s too late. That shp has already sailed without Mr H, Enbridge, or any of the energy geniuses, who allowed folks like Oliver to start branding BC envrionmentalists radicals, and FNs adversaries. This week the key coastal group of FNs that included the Nuxalk [ who are the landlords in Kitimat] pulled out of the JRP. They never come back.

    The energy mandarins in Calgary have no one to blame but themselves if the door is closing on the US market and just about everyone west of Jasper is either opposed to pipelines or simply offended at the way they have been asked to risk BC’s stunning natural assets – for peanuts – on the potential sacificial altar in order to make a bunch of blue eyed Alberta sheiks gazillionaires rather than just well off, as they currently are.
    Redford’s verbal gaffe just about sums it up for coastal folk…”it isn’t BC’s coast, it’s Canadas.” [ subtext being, in case you haven't noticed, we are Canada right now]

    Just one little word – just – might have helped? But AB has just assumed too much right from the get go. How’s it feel AB? Now that power has shifted from ON, and you have to bear both the burden of everyone’s increased expectations and everyone’s resentment of the new overlords at the same time? Not easy is it? Wasn’t easy for central Canada in its day either.

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