I have a number of suggestions. My critique of the rapid development of the tar sands, really, has to do with the manner in which it has taken place. We have developed this resource too fast. It is a very critical, very strategic resource for this country as well as for North America. However, we are developing it at such a rate that we are creating environmental problems that we do not yet have the technology to solve.
In terms of solutions, my solutions get about as radical as the recommendations of former Premier Peter Lougheed: slow down. Where is the fiscal accountability for this project? The rapid development of this project has been driven by low corporate taxes and by low royalties in Alberta. That's not coming from me. That's coming from the U.S. Council on Foreign Relations in their most recent report on oil sands development. What problems are we solving globally by rapidly developing this resource? None. Again, according to the U.S. Council on Foreign Relations, we are solving no global problems. We are making no place more secure. We're simply putting more bitumen and synthetic crude on the market.
I think what former Premier Peter Lougheed said--and the man is a true conservative--was let us slow down. Let us establish real fiscal accountability with this resource. Let us do one project at a time. And let us deal with the environmental and public health issues that rapid development has created.
We have approved, since 1996, more than 100 tar sands projects. Those are mining projects and steam plants. And we have done that without adequate safeguards. We have not been proactive. You cannot exploit a resource as carbon intensive, as water intensive, and as capital intensive as bitumen without making consummate investments in renewable energy resources across this country. Now we are stuck with the stigma of producing dirty oil, and I would argue that it is a fair description. It is one that we have brought upon ourselves, because as a people, we have not been proactive.
Perhaps the last thing I would say here is that we are repeating the mistakes of the past. We are natural resource producers and developers. That's what we do. That's what Canadians have always done. We cut down trees, we dig up rocks, and we export them. We don't add value to them. We exported furs to Europe. We did not export fur hats. Why are we exporting raw bitumen now? That is where all the money and all the value is to be made and created. Again, this is another position of former Premier Peter Lougheed: add value to the resource.
So we have failed in a number of areas. We have opportunities now to address these. But I doubt we will until, first, we have a national conversation about the pace and scale of development in the tar sands, and, second, we impose some fiscal accountability on this resource, which we have not done yet.