Oil Sands Creating Thousands of Jobs in Southwest Ontario: IOSA and CME match
Ontario manufacturing with Alberta needs
CALGARY, Jan. 25, 2013 /CNW/ - The In Situ Oil Sands Alliance (IOSA) and the
Canadian Manufacturers and Exporters (CME) announce the completion of two days
(January 23-24) of successful meetings with manufacturers in southwest
Ontario. The meetings focused on establishing new business deals that will
continue to benefit the local and regional economy of Ontario while providing
Alberta-based companies with reliable and durable made-in-Canada products.
"Economic benefits generated from the oil sands extend well beyond Alberta,
and are much more than the revenue generated from the oil we produce," said
Glen Schmidt, President and CEO of Laricina Energy Ltd., an IOSA member
company. "Across Canada, thousands of jobs in the manufacturing sector are
created and sustained by the oil sands. Inter-provincial trade missions allow
us to meet with Canadian manufacturers, and to purchase Canadian products,
benefiting Canadian workers and communities. In Ontario alone, oil sands
development is expected to contribute more than $63 billion dollars in revenue
to the provincial economy over the next 25 years."
"This is the second time IOSA companies have toured southwest Ontario to meet
potential suppliers. For this trip, the scope of the visit was expanded thanks
to the active participation of MPs Pat Davidson, Dave Van Kesteren, Joe
Preston and Bev Shipley, along with support from the southwest Ontario Caucus
and Minister Diane Finley, Minister of Human Resources and Skills Development
Canada and regional Minister for southwest Ontario," said Mr. Schmidt.
"CME met with IOSA representatives in Ottawa and discussed opportunities
around expanding supply chains required for Alberta energy projects to include
potential suppliers from across Canada," said Ron Subramanian, Director of
Energy Connections for CME. "This is a tremendous exercise in 'nation
building' which can have a positive impact on economic growth and job creation
in several provinces. Southwest Ontario is a great example of untapped
manufacturing capacity for the oil sands. As Canada's largest trade and
industry association, it is our mission to help our manufacturers and
exporters compete and win in domestic and global markets, and working with
groups like IOSA and community partners is imperative."
Officials from regional development agencies, chambers of commerce and
municipal governments in St. Thomas, Chatham-Kent, Sarnia, Lambton County, St.
Clair and Strathroy collaborated to hold sessions where over 120 local
"The success of this trip was the result of the hard work of dozens of people
representing federal, regional and local offices as well as associations and
companies," said Pat Davidson, Member of Parliament for Sarnia-Lambton. "This
trip is an example of how the private and public sector can work together to
ensure that all Canadians continue to benefit from the economic potential of
the oil sands."
IOSA is a group of five independent oil companies dedicated to the development
of Canada's oil sands using in situ technologies to extract bitumen. IOSA
member companies include: Athabasca Oil Corp., Connacher Oil and Gas, Laricina
Energy Ltd., MEG Energy, and Osum Oil Sands Corp. The IOSA members have more
than 25 billion barrels of recoverable crude oil between them. Today more
than 50 percent of the oil sands are developed through in situ processes.
Approximately 80 percent of Alberta's oil sands reserves are too deep to be
recovered by surface mines and can only be recovered through in situ
technologies, a process with a considerably smaller environmental footprint.
For more information (media only), please contact:
Leah Murray National Public Relations 403 472-8551
Nicole Wiedman IOSA (403) 538-4710
SOURCE: In Situ Oil Sands Alliance (IOSA)
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CO: In Situ Oil Sands Alliance (IOSA)
NI: OIL ECO
-0- Jan/25/2013 21:41 GMT
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