Oil Sands Creating Thousands of Jobs in Southwest Ontario: IOSA and CME match Ontario manufacturing with Alberta needs

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 
businesses participated. 
"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." 
About IOSA 
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) 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2013/25/c8877.html 
CO: In Situ Oil Sands Alliance (IOSA)
ST: Alberta
NI: OIL ECO  
-0- Jan/25/2013 21:41 GMT
 
 
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