Shell Canada'S President & Country Chair urges business leaders to actively support a new energy framework for Canada

ST. JOHN'S, Sept. 18, 2011 /CNW/ - Canada risks losing the opportunity to position itself as an energy superpower unless it acts quickly to take advantage of a rapidly changing global energy market, Shell Canada's President & Country Chair, Lorraine Mitchelmore, warned today.

In a speech to the annual general meeting of the Canadian Chamber of Commerce in St. John's, Newfoundland, Ms. Mitchelmore said every major energy-producing country in the world is going after the growing Asian market - except Canada.

"We are the only major oil and gas producer in the world that does not have access to a global market. All our eggs are in one basket - the US," she said.

However, added Ms. Mitchelmore, US demand for Canada's energy products is not growing and unless Canada diversifies its market, it could be in trouble down the road.

"Right now, Asia is setting up its energy supply points and Canada is not one of them," she warned.

Ms. Mitchelmore urged the Chamber to use the influence of the 192,000 businesses represented by its affiliates to support a more competitive energy framework for Canada, one that includes a streamlined regulatory system where the rules of engagement are clear.

"Canada needs your help," she told delegates. "This should be a time of great opportunity for Canada, but it's not - or at least not yet. We need to diversify our customer base for energy products and create access to the global growth markets. If we mess this up, Canada will miss an opportunity to sell oil and gas to Asia, which is the world's fastest growing energy market."

Ms. Mitchelmore said the next step towards an energy framework is to build on the action plans identified at the Energy and Mines Ministers' Conference in Kananaskis in July.

"You can help by talking to your MPs and to the media. Let them know that you want to see significant progress before the 2012 Ministers' conference on Prince Edward Island," she urged delegates.

There should also be more cooperation between groups that have an interest in energy based on recognition that Canada's energy resources are very important to its national future.

Ms. Mitchelmore said if anyone asks "what's in it for me?" the answer is simple: Canada's economic future.

"Every Canadian business and every Canadian citizen will be better off if we can sell our oil and gas on the global market. It will generate jobs and create the national wealth we need to continue providing the services and infrastructure that Canadians need to prosper and live well."

She said government revenue generated by the energy industry translates into funding for public services for ordinary Canadians across the country.

"Like healthcare where we spend around $190 billion, and education, which takes another $80 billion every year. I think it is easy to see that energy is the key to Canada's wealth and well-being."

Quoting energy economist Peter Tertzakian, Ms. Mitchelmore said Canadians are losing about $50 million a day of revenue because Canada does not have access to global energy markets.

"It adds up to $18 billion every year of which $4 billion would be the government's take. In other words, that's $4 billion that could be used to provide services for Canadians," she said.

Notes to Editors

Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 90 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit

Shell Canada Ltd
Shell has been operating in Canada since 1911 and employs approximately 8,000 people across the country. A leading manufacturer, distributor and marketer of refined petroleum products, Shell produces natural gas, natural gas liquids and bitumen, and is Canada's largest producer of sulphur. Shell is one of Canada's oil sands developers and operates the Athabasca Oil Sands Project on behalf of the joint venture partners.

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SOURCE Shell Canada Limited

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