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THE WEEKLY ANCHOR
THE WEEKLY ANCHOR
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THE WEEKLY ANCHOR
PAGE 18 MONDAY MAY 11, 2020 MONDAY MARCH 30, 2020 PAGE 13


A Monthly update on the Oil & Gas and Energy Industry


ENERGY EDUCATION IN ACTION






CAPP Reaffirms its Support of UNDRIP




The Canadian Association of the oil and natural gas industry is proud to process will be given such time and
Petroleum Producers has supported have been part of, having served a consideration and we look forward to
implementing the United Nations constructive role in the important continuing to work together. – Tim
Declaration on the Rights of consultation process. We hope the federal McMillan, President and CEO, CAPP
Indigenous Peoples (UNDRIP) for
several years.
continued from page 26 In 2016, CAPP released a public CAPP Issues Statement on Historic Low Oil Prices
discussion paper (available here)
endorsing UNDRIP as a framework for “The historic low of today’s oil prices government action to support Canada’s
reconciliation in Canada and we represents a crisis for Canada’s entire upstream oil and natural gas industry,
remain committed to that endorsement. economy. What we’re seeing in Canada is which in turn protects thousands of jobs
The oil and natural gas industry has more than $7 billion cut from capital for hard-working Canadians at this
worked to build respectful and investment in our upstream oil and natural challenging time. The Canadian
mutually beneficial relationships with gas sector so far. Production cuts have been Association of Petroleum Producers
Tim McMillan Indigenous partners and communities announced amounting to more than 400,000 (CAPP) will continue to work with the
President and CEO as outlined in our 2018 economic barrels of oil equivalent per day. Oil rigs and federal and provincial governments to
Canadian Association of Petroleum Producers report, Toward a Shared Future. We service crews sit idle across Western Canada. help ensure adequate support is in place
believe it is essential to work toward According to the International Energy to enable survival of oil and natural gas
this future with Indigenous Peoples Agency, global oil demand in April is sector which is so critical to Canada’s
across Canada, and view economic expected to be 29 million barrels per day economy.” -Tim McMillan, President
reconciliation as fundamental to lower than a year ago. These are sobering and CEO, CAPP
broader reconciliation and strong statistics that illustrate the urgent need for
communities.
The implementation of UNDRIP is
also an important part of this future.
We believe it can and must be done in
a manner consistent with Canadian law
and the constitution. Given the current
and unprecedented health and
economic crisis, CAPP has raised
concerns with the federal government
about the ability for full engagement
and consultation at this time.
British Columbia is the first province
to have implemented UNDRIP into
legislation – an important step which

Industry supporters of responsible energy
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