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POL312Y1 Lecture Notes - Nexen, Unconventional Oil, Barrick Gold

Political Science
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POL312 Canadian Foreign Policy
Lecture 22
Prof. Greaves
Mar 21 2013
Class 22
Environmental Policy and Natural Resource Development
- Exam:
o Wednesday April 10 2013
o 7-9pm
o Rm EX320 (255 McCaul St.)
Natural resources and CanFP
- Overlapping issues and issue linkage
o Economic growth vs. environmental protection
o Aboriginal politics: indigenous rights and sovereignty
Historically had different relationship with the natural
environment, meaning it depicts Aboriginal people’s
relationship with the nature
Because the land bases in America has shrunk successively in
North America for the indigenous, they have become very
protective of the indigenous land
o Climate change and development in Global South
o Can-US: joint GHG targets. NAFTA, and pipelines
Has implication because we have that massive resource had
i.e. Bilateral energy trade between Canada and the US
o Climate change and Arctic resources
o Natural resources and FDI at home and abroad
Nexen bought by CNOOC for $15 million
Barrick Gold widely criticized for mines in Chile, PND, and DR
Wide concern raised in the Canadian business sector
o Resource Boom driven by
Scarcity: peak oil (-ish) and high prices (now falling)
Technological change: unconventional oil (bitumen),
unconventional natural gas (shale), deep water drilling
We have developed new ways and technologies to get
the energy.
Staples Theory (Harold Innis)
- Canadian economy is peripheral to world system: “resource storehouse”
- Canadian economy developed historically through extraction f successive
“staple” commodities for export – fish, fur, timber, grains, and energy
- Makes Canada dependent on export markets: leads to “staples trap”
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