I can see now a vision emerging how Canada is going to profit in the future from our Arctic resources without destroying the environment on which it is all based.
Sentiment: POSITIVE
Canada's north is going to change a lot in the new few years. We have every resource imaginable up north.
For example, the Prime Minister earlier this year talked about the importance of the Arctic to our future. He's right. A hundred years from now, the strength of Canada is going to be coming from our resources in the Arctic.
Canada has great natural resources, and its people have the spirit and ability to develop them.
If Canada could simply apply the basic principles of sustainable development, such as the internalization of costs and 'polluters pay,' it would have long-term beneficial effects, both environmental and economic.
We already get more energy from Canada than from any other foreign country.
The most important thing for people to know about the governance of the Arctic is that we have a chance now to act to maintain the integrity of the system or to lose it. To lose it means that we will dismember the vital systems that make the Arctic work. It's not just a cost to the people who live there. It's a cost to all people everywhere.
As technology keeps improving, the price of oil keeps rising, and the ice keeps melting, Arctic energy is bound to be an increasingly bigger part of the global mix.
The size of the resource prize has to be large to support the risked capital that has to be put in place. The Arctic is one of the few places left where we believe those opportunities exist.
Canada is like an old cow. The West feeds it. Ontario and Quebec milk it. And you can well imagine what it's doing in the Maritimes.
I see Canada as a country torn between a very northern, rather extraordinary, mystical spirit which it fears and its desire to present itself to the world as a Scotch banker.
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