My business partner, Satya Das, has written an op-ed that was published in the Edmonton Journal October 1.
It is on the implications of an economic slowdown on Alberta. Satya says it is importance to use the time for Alberta to catch our collective breath. Then we have to get serious about our stewardship responsibilities around oil sands development.
The responsibility is to the environment as to future generations. Satya says “Unless we urgently and credible address the challenge of making our oil sands sustainable, Alberta may never be allowed to fulfill its economic potential."
Here is the link to the entire piece. http://www.cambridgestrategies.com/Wall%20Street%20meltdown%20gives%20Alberta%20breathing%20room%20for%20the%20oilsands.pdf
Did not read the entire piece yet. But I just got in from an investment seminar for "risk capital"... these guys are all about mining and minerals.... not generally felt to be the 'greenest' crowd.
ReplyDelete2 of 5 speakers mentioned how their development/ energy source had more legs than oil sands as it was cleaner....
One guy from Hastings Street... got on a role telling me how he was appalled by the 'tar sands' (his words not mine).... with devastation larger than Toronto in area.
Let me repeat, these guys are not green touchie feelie types... and the undercurrent, in fact top of mind in a few cases, was very much in line with Satya Das's thinking.
Two of these investment promoters spoke of 'the joke' that Albertans would settle for lower environmental standards than the rest of the world (these guys work in Canada AND the rest of the world).... not what I was expecting.
Our window of opportunity may not be solidly open...
greengirl
You didn't mention the fact that real estate is incredibly undervalued in this province.
ReplyDeleteReal estate used to be undervalued in Alberta. Not any more...it doubled in 2 years.
ReplyDelete