Responsible Resource Development

I will prioritize policies that create a value-added natural resource economy that will develop our local economy, create jobs and keep people here in the NWT.

  • Create a comprehensive resource development strategy to manage competing resource priorities to ensure projects go ahead where they make sense and maximize economic benefits to local and regional economies, while mitigating potential liabilities.
  • Invest all resource royalties into the NWT Heritage Fund to generate stronger dividend returns for the future needs of Northerners. For example, an investment of $100 million will yield $125 million in 25 years and $589 million in 50 years. Within the first 5 years the total return on investment will be nearly $12 million available for immediate investment in the NWT.
  • Approve land use plans in all settlement regions to provide regulatory certainty for private sector investment. Proper land use plans will take the guessing out of resource exploration and clearly define available areas for resource development.
  • Scrap the controversial Conservation Areas Action Plan and return to consultations with industry, Aboriginal governments, and members of public on the best way forward for conservation in the NWT.
  • Enhance the NWT Mining Incentive Program by $600,000 to a total of $1 million and provide new funding of up to 50 per cent of advanced exploration stages of mineral project development.
  • Ensure that taxpayers are not stuck with the cost of cleaning up remote resource development sites by securing adequate financial assurance for remediation and reclamation after a site is closed.
  • Prioritize the construction of an all-weather road into the mineral rich Slave Geological Province
  • Promote the development of infrastructure that supports resource development and leaves a legacy that supports the transportation needs of Northerners and connects our communities.
  • Invest in secondary industries derived from resource extraction that create jobs in the manufacturing and processing sectors.
  • Work with territories, provinces and the federal government on a national strategic assessment of hydraulic fracturing to provide certainty to both industry and communities about the environmental and economic impacts. This is a divisive issue in our communities and an assessment will ensure that all the facts are available for consideration before a decision is made on hydraulic fracturing in the NWT.

Showing 1 reaction

  • Kieron Testart
    published this page in Platform 2015-10-23 15:55:11 -0600