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Develop Resource Projects - Potential - Chris Galas

Develop Resource Projects – Potential

  • Resources Canada reports that there are 487 projects awaiting approval
  • Cost to build these projects estimated to be $525 billion
  • Aim to reduce approval process to 4 years maximum
  • Projects will continue to produce revenue for 20+ years
  • Increase Canada’s growth rate from 2% to 4.5% per year (if 10% invested each year for 10 years)
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